Family is the subject of the season. It is a time for getting together and celebrating the blessings we have in life. Watching your children succeed in life is one of the greatest joys anyone can experience. Of course, you were there to support them along the way.
Many of us know the importance of having an estate plan. Your estate plan can address many issues, and protect your family and preserve your assets. Despite planning for the future, mistakes in your estate plan can cause a lot of headaches in the future, as well as fail to protect your loved ones.
When it comes to estate planning matters, most parents share a goal of leaving assets to their child or children. In most cases, however, an inheritance is viewed as a means to help out adult children who are likely working and living independently and may even having families of their own. For a child with special needs, however, many parents often remain caretakers long after a child reaches adulthood.
Many people don't stop to count or think about the number of online accounts they actually have. In addition to using the Internet to access banking and investment accounts you may also have one or more social media accounts, a music library you've built over the course of years and a site where you login to view and manage your frequent flyer miles.
Yes it's normal; most people simply don't like to contemplate their own mortality. But the reality is that things happen and what would happen if you suffered a heart attack or were involved in a serious car accident and died tomorrow? Have you taken steps to establish a will or trust and provide for your loved ones?