Sunday, May 31, 2015
Speaking about death and what to do with the estate can be a very unpleasant topic for a lot of people. Individuals often put off discussing estate planning issues with loved ones until the very end. Estate planning is a lengthy process and it is a good idea to start making plans as soon as possible. Not being prepared could cause tension and friction between loved ones. It is a good idea to be transparent and to have a “three-year time horizon” when making a plan. Updating an estate plan every three years is a good way to deal with changing life circumstances.
See Sandra MacGregor, Don’t Let Emotion Sabotage Your Estate Plan, Forbes, May 15, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.