The end of the year, the fourth business quarter, and the holiday season all mean it’s a good time to think about your estate plan. Have you experienced any significant life changes – new job, marriage, children, deaths, changes in assets, or are you interested in making charitable gifts? These are important considerations that merit reviewing your current estate plan or implementing a plan to capture both your long term and short term goals.
There is a common misconception that estate planning is only for the more senior members of our society and certainly, only for those with major assets. This is simply not true. Whether simple wills, wills with trusts for minor children or more sophisticated spousal trusts, estate planning is for all people, of all ages, of all levels of wealth and all family configurations.