Why You Should Get Estate Planning Off Your To-Do List in 2016

There are many goals most of us want to accomplish in life, and some of the most important ones center around family and money.  A thoughtful estate plan can help you accomplish both.

Estate planning is emotional and ripe for procrastination, yet it still remains one of the best things you can do to protect your assets, your family and your children.

Here are 3 reasons to get your estate planning in order and off your “to-do” list:

Consider your children.  Estate planning helps you protect your children throughout their lifetimes.  When they are young, you need to appoint guardians, both long and short term, if something should happen to you.  When they are older, you want to have the financial capacity to send them to college.  When you are gone, you want them to enjoy a legacy that includes passing on your values as well as your assets. Only proper estate planning can do this for you.

Review beneficiary designation.  Life insurance policies, retirement accounts, investment account and other financial vehicles all require you to complete a beneficiary form to designate who will receive the assets upon your death.  With no form, state law will govern and your assets may go to those you never intended to receive them, or worse, go to your estate and be depleted by taxation.  Be sure you have beneficiary forms on file for your accounts and that they are reviewed at least annually for any updates.

Consider your own health.  If you become incapacitated, who will be making your health care decisions for you?  Whatever your wishes are for your own health, they won’t necessarily be followed unless you have executed a Living Will or assigned powers of attorney to see to these matters.

Make 2016 the year you create your estate plan – join me on Thursday, December 31st, 10:00am for my Kids Protection Planning Webinar and learn everything you need to know to protect your children and your assets. Register at www.kppwebinar.com.

As a Personal Family Lawyer®, I can further advise you on all your options and make things as easy as possible for your family during a Family Wealth Planning Session.  If you would like to have a talk about estate planning for your family, call our office today to schedule a time for us to sit down and talk.

To your family’s health, wealth and happiness!

David Feakes

P.S.  Want to get started on the most important planning you’ll ever do for your family?  Give our office a call at (978) 263-6900 to get started.  You’ll be so glad you did.

David Feakes is the owner of The Parents Estate Planning Law Firm, PC – a law firm for families in the Acton, Massachusetts area.  David helps parents protect the people they love the most.  If you would like to receive David’s exclusive, free report, “Six Major Mistakes To Avoid When Choosing An Estate Planning Attorney,”  you can get it right here.

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The Parents Estate Planning Law Firm, PC

At The Parents Estate Planning Law Firm, we answer your questions at your convenience; we stay in frequent communication; and we meet to discuss changes in life circumstances and in the law to ensure that your assets are protected.

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