Approaching the End of the Year
As unbelievable as it seems, this is the final eight weeks of 2016. The next few months will be a blur of holiday planning, shopping and events that will keep a family busy, busy, busy.
Remember to put on your calendar a note to locate, to organize and to review your important documents. Tax time will soon roll around and rather than waiting until the final days of December (which will be far too busy anyway) – NOW might be a good time to:
Review your financial documents and make any adjustments;
Meet with financial advisors and CPAs;
Begin to consider any asset allocation changes for tax planning purposes; and
Review all your estate planning documents.
If you do not have an estate plan, consider the pros and cons of developing one. ( See my Infographic about having a will vs having a trust) http://www.attorneybarbaradalvano.weebly.com
Do any of the following describe a 2016 event in your life?
- Acquired significant assets;
- Began to plan for retirement;
- Planning to adopt a child;
- Made a change of lifestyle;
- Moving/moved to another state;
- Are in the process of a divorce, marriage or remarriage;
- Going into business;
- Planning to exit a business;
- Starting a family;
- Experiencing a significant change of health;
- Had a death in the family;
- Changed jobs/lost a job
Then… now is the time to meet with an attorney who can advise on how to start the estate planning process; alter your estate plan; review your legal documents/contracts and discuss your future alternatives.
Keep in mind that without a Will – if anything happens to you – your assets, your family and your future might fall into the “default” position of having the state decide for you.
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Visit my website: http://www.attorneybarbaradalvano.weebly.com for more articles and interesting infographics