Dark Chocolate and Red Roses Won’t Top This Valentine’s Gift
Little else sings “I love you truly” more than a well-conceived, up-to-date estate plan. It may not sound romantic, but its long-term impact is undeniable.
So get started. Create a lasting legacy of love and devotion this Valentine’s month. If you don’t have, or haven’t updated, an estate plan in the past three years, don’t delay. Here are ten tips that can help.
1. Develop a complete estate plan this year. Think that a will has you covered? Likely not. You have much to gain from creating or updating a thorough estate plan. If you haven’t completed a plan, commit to it this year.
2. Check the date on your existing plan. Things change. If your existing plan is more than three years old, it’s time for a review.
3. Choose a guardian. Have you named someone as guardian of your minor children in case you’re no longer there to care for them? If not, the court will choose for you.
4. Fund your trust. If you have a trust, make sure it will work as intended. Remember: it must be funded. This means that your assets have been appropriately titled in the name of the trust.