By Ellen L. Baker.
If you have not prepared an estate plan or have not recently updated your plan, ask yourself the following questions:
If you answered “yes” to any of these questions and your current estate plans do not address these questions, you need to plan.
Examples of what may happen if you do not plan:
These are just a few scenarios which highlight the importance of estate planning.
When you decide to commence the estate planning process, the first step is to assess your goals, review your assets as to value and the manner of ownership. In addition, beneficiary designations should be verified. Your financial advisor and your attorney can help you with this step. The next step is for your attorney to prepare the necessary documents for your review and signature.CONTACT US