If you are like me, this is a very busy time of the year. The holiday season is filled with excitement and joy, but there are so many activities and events to plan or attend, holiday cards to send, gifts to buy and the list goes on. If we operate a business, we are also trying to follow through on our accountant’s recommendations to minimize our 2016 tax liabilities by allocation of income and expenses between 2016 and 2017, contributions to our retirement plans, charitable giving etc. (Keep reading to receive your discount!)
With all of this activity it is easy to put off reviewing our personal estate planning. I know that the subject may be well down on your priority list but I would urge you to spend a few minutes to reflect upon the following things that may affect your current estate plan.
- Changes in marital status such as divorce or remarriage.
- Birth or adoption of a child or grandchild.
- Death of a spouse or family member.
- Illness or disability of you, your spouse or another family member.
- When a child or grandchild reaches the age of majority.
- When a child or grandchild has education funding needs.
- The death of a person that you have named as executor, trustee, guardian, etc.
- Changes in health or long term care insurance coverage.
- Changes in the values of your assets or an inheritance that may affect estate taxation.
- Changes in your employment status that may affect estate taxation.
- Sale of a business.
- Changes in family dynamics that may change your estate planning or choice of fiduciaries.
- Changes in federal or state income or estate taxation.
If you need assistance in setting up your estate plan, or in modifying your existing estate plan, feel free to contact Estate Planning Solutions. Click HERE to contact us today! All new clients that contact me by the end of 2016 will receive a 10% discount. Just mention WEB10 to take advantage of this offer.