As everyone prepares for one of the most popular holidays in the United States, it’s a great opportunity to have all of your family together and on the same page.
Although a lot of the holiday focuses on celebrating and enjoying wonderful food, this is also a good opportunity to think about all of the life changes that have occurred for you in the previous year and whether your estate planning needs to be updated during this time.
Your family is not only around on Thanksgiving but most families are peaceful and enjoyable enough situations in order to bring up the topic of long term financial plans and goals. A recent study conducted by Boston Colleges Center on Wealth and Philanthropy indicated that nearly $60 trillion would be transferred from more than 93 million American estates between the year 2007 and 2061.
Keeping track of these critical estate planning documents and informing beneficiaries about this is important but unfortunately far too many people skip out on this. Setting up a meeting with your Pasadena estate planning attorney this holiday season is a good opportunity to review your existing plans and discuss strategies for the future.
