![]() ![]() Beautifully Written by Henry Scott Holland (1847–1918) was Regius Professor of Divinity at the University of Oxford.Įven if you feel you have no "estate" for planning, you don't have a home, IRA's and investments, you still have personal possessions that should go to whom you wish to receive them, right? Do you understand what happens when you have no will ? Death or disability of someone you have chosen to act for you (i.e, your trustee, personal representative, power of attorney holder, etc.).Change in attitude/relationship with a child (or grandchild).Economic change for a child (good or bad).Illness/special needs of your spouse, or child.Separation/divorce of a child (or grandchild).and only you and your specific circumstances will know that. ![]() Some of thse will not change your plans but some will. consider these life events as they all majorly can affect your estate planning. Many people wait until a big life event happens to make changes to their wills. WHEN should update your Estate Planning document? ![]() Leaving your own "moral compass" for younger generations is a great gift to the family.įirst, if you are married, just consider, for one moment, the death of your spouse.Įspecially if you are a woman, please be sure you understand the death of a spouse, as you may have to take over the household if that occurs. You can also get peace of mind from writing your own Ethical Will. Just a little bit of estate planning gives you peace of mind! We simply need to think a little about our posessions - before someone else gets that job. They've lost about 20 couples from their Vegas vacation spot over the past few years alone, one by one, but death is inevitable. You've accumulated savings and "stuff" over a lifetime - why not allow yourself to decide who gets what?ĭeath is part of aging, most of my parents friends (in their mid-80s) are gone. We can leave this earth at any point, right? We all need to think about an Estate Planning checklist at some point - like NOW! Nobody is Promised Tomorrow. ![]()
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