October is Estate Planning Awareness Month
We think it is great to have a month dedicated to this important topic and whether it is October or some other month of the year, the best time to start planning for your estate is now. Here are some basics to get you started.
Plan for tomorrow, today.
Everyone has an estate.
Everyone needs an estate plan.
Why not just a will?
Beneficiary designations on qualified retirement plans and life insurance policies usually override bequests made in wills or trusts. Many people never review the beneficiary designations on their retirement plan accounts and insurance policies, and the estate planning consequences of this inattention can be serious. Having an estate plan means keeping the estate plan updated, as time passes or changes happen in your family.
Where do you begin?
We are happy to speak with you about your estate planning needs. We do this all the time. We can refer you to a good estate planning attorney who can assist you in drafting your legal documents. Then we can help you to address any issues pertaining to your financial accounts. We can keep copies of all your important estate documents in your Wealth Plan so they are easily accessible when they are needed.
Would you like to talk more about your estate planning needs? Schedule a Free Estate Plan Assessment Free Estate Plan Assessment
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
Why Estate Planning Is Important Today
October 07, 2021