This column provides some important basic pointers that clients should ponder when estate planning. There is a disturbing AARP survey that has been released recently that reveals 40% of Baby Boomers do not have a Will. Far too many people make the mistake of procrastinating for many different reasons. Discussing death and estate planning matters might be a difficult and uncomfortable subject that many people like to put off dealing with. If a person dies without a Will their assets will go into the probate process and be distributed according to the intestacy laws of the deceased person’s state. If a person wants to have more control over how their property is distributed when they pass away then they need to have a well thought out estate plan put in place.
See Kyle E. Krull, What Estate Planning Pointers Should My Clients Ponder?, Wealth Management, December 14, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
