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Estate Planning Archives

Distribution of assets part II: Proactive steps for a fair split

As discussed in our previous post, When is an Equal Distribution of Assets a Bad Idea?, available here, splitting assets does not always work out as we may intend. This post will discuss some proactive steps you can take to better ensure an equal inheritance.

Baby boomers: It's essential that you create an estate plan soon! Attend a free seminar to learn more

Only 18% of Americans age 55 and older have a will and two other estate planning documents, according to a new report by Merrill Lynch and Age Wave. Even more concerning is that 45% of people age 55 and older do not have a will.

When should I update my estate plan?

Ideally, an estate plan should be an evolving set of documents. These legal tools should change and grow with you — not remain static. Those who put together an estate plan and forget it are less likely to have an estate plan that truly reflects their desires then those who review the documents and make updates.

Top reasons to have an estate plan

Estate planning is not just for individuals and families with large estates. One of the most important documents to have in your estate plan is a will. Have you thought about getting a will but decided to do it later? Think again. Dying without a will creates serious repercussions for your loved ones.

Is your estate plan up-to-date?

Your personal New Year's resolutions may still be in full swing, or they may have disappeared a few weeks ago. Either way, your estate planning resolutions should still be on your mind if your goal is to protect your family and your assets.

Most people forget this asset in their estate plans…did you?

Estate planning provides the opportunity to review and account for all assets. Most people have plans that include tangible forms of property, retirement accounts, stocks, bonds and business interests. But did they remember to include digital assets?

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Connors & Sullivan attorneys at law, pllc

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