Estate Planning For 2021
The holiday season has come and gone, and many of us will be glad to begin turning the page on the unprecedented year that was 2020.
In retrospect, it is easy to focus on the negative aspects of a year that brought more significant public health challenges, political divisiveness, and economic uncertainty than almost any year in recent memory. Hopefully, these low points have come with a silver lining: a renewed focus on what is important to us.
If there ever was a time to make meaningful New Year’s resolutions with an emphasis on the future and well being of ourselves and our families, perhaps it is now. Let us help secure your family’s future by planning for the unfortunate inevitabilities of incapacity and death. There is no time like the present to evaluate the estate planning we have (or have not) undertaken.
Relevant considerations for you and your family may include:
- Do I have a Will, or does my current will need to be updated because of a life-changing event(s)?
- Do I have Powers of Attorney and a Living Will that express my wishes and allow my family or representatives to make financial, business, and health care decisions in the event of my incapacity?
- Is my current estate plan structured in a way that will promote efficient administration and minimize family effort and expense, or even controversy, at my death?
- Have my adult children executed the necessary essential legal document that would allow me to assist with their affairs in the case of an accident or illness?
- Will my qualified retirement account(s) pass to my beneficiaries in a protected and tax-efficient manner, in light of recent legislation?
- Have I implemented planning that will allow my business to continue operating after my incapacity or death?
IF YOU HAVE QUESTIONS ABOUT PLANNING FOR YOUR FINANCIAL FUTURE AND THE ESTATE PLANNING DOCUMENTS NECESSARY TO ACCOMPLISH YOUR GOALS, CONTACT US AT 205-631-4019 TO SET UP A CONSULTATION.