5 Reasons Baby Boomers Need to Pay Attention to Estate Plans ...

The first day(and night) of rain. It was so wonderful to wake up to a drizzly, cool morning. We spent all weekend laying sod and landscaping our pool area. This one barren spot repeatedly grows weeds which we?ve dutifully eradicated every year for 7 years now. Don?t ask me why we waited so long. Dave tells me it?s because now our boys are old enough to help. And that they did. Both Cameron & Daniel worked really hard. We could not have done it without them.

I?m a boomer. Are you? I?m actually the last year of the baby boomers. Below is a hit list of situations that likely apply

to you or soon will. It?s great be in a position to making monetary gifts. This is a smart strategy to reduce your estate AND as an added bonus, you get to witness firsthand how your generosity helps others. If you have a plan, you should review it regularly to make sure it?s up to date and if you don?t, we?ve outlined just a few of the reasons why you should.

Have a great week!

Christine

_________________________________________

by Christine Faulkner, Esq.

?

Baby Boomers ? the biggest generation now on the verge of being the biggest group of inheritance recipients ? must answer the call to make prudent decisions on a staggering amount of inherited wealth.? Boomers who have not yet made an estate plan will have an added impetus for doing so.? And Boomers who have an estate plan that may be several years old need to review that plan to ensure it aligns with changes in their lives.

Here are five reasons why Boomers need to make and review estate plans now:

Changing relationships.? Your beneficiary list needs to be reviewed in light of your current status and any changes in family structure or relationships.

Adult children.? The minor children you may have provided for in an earlier estate plan have now grown and flown the nest ? do they still need the protections you had in place for them?? Have they matured into financially responsible adults, or do you need to add new protections in a trust for them?

Your health.? As you age, you learn a lot more about your own health.? Do you have a health care directive in place to protect yourself in case of incapacity?? Are you going to live longer than you thought you would when you drafted your first estate plan?

Your property.? Any sales, loss or acquisition of property needs to be properly accounted for in your estate plan.? As we age, we tend to accumulate more.? What plans do you have for it?

Your legacy.? It may now be financially feasible ? and wise ? to give while you are still living.

?

?

Source: http://cavafaulkner.com/elk-grove-estate-planning-blog/?p=69

d antoni fashion star andrew bird lizzie borden lizzie borden iona taylor allderdice mixtape