Your Estate Planning Checklist for 2021
Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.
Serving Queen Creek, Gilbert, Mesa, San Tan and the entire East Valley
Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.
Unfortunately, only about a third of U.S. adults had an advance directive in recent years, according to one research analysis.
Few retirees have all of these documents that are crucial to their golden years — especially during a pandemic.
The ongoing coronavirus pandemic has pushed many people to make long-delayed decisions about estate planning. Many people will try the do-it-yourself route via various websites or books. Internet DIY websites make it easy to download forms, but there are mistakes people make when they try do-it-yourself estate planning.
The tragic recent death of Tony Hsieh, the 46-year-old former CEO of Zappos, reminds us of the importance of estate planning.
Even those with thorough estate plans might have neglected to discuss details with potential heirs.
In a nutshell, an estate plan encompasses the accumulation, conservation and distribution of an estate. Done well, it will enhance and maintain the financial security of the next generation.
My colleague’s father recently got infected with the coronavirus and had to be rushed to the hospital. The move was abrupt and hectic, and left no time for any deep conversation with his wife and family as he was being taken out to the ambulance.
Death is inevitable and so is paying taxes. However, one can definitely avoid leaving behind an unexpected financial burden for those who are left behind, by enrolling in the Colonial Penn 9.95 plan, assuring final insurance.
After a loved one passes, one of the biggest hurdles families face is passing wealth onto the next generation. Unfortunately, family dynamics can spur conflict and infighting among descendants.
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