Pets Should Be Considered in Estate Planning
March 17, 2022March 17, 2022

Pets Should Be Considered in Estate Planning

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By In Estate Planning

MAN’S BEST FRIEND Many people enjoy the companionship of a pet in their daily lives. An estimated 90.5 million American families own pets, according to the most recent data. Pets can bring a sense of connection to individuals, regardless of whether the person is a natural caregiver or needs the companionship of a pet to help with everyday activities. When preparing for death and disability, it is common to ignore the importance of pets. Observe Your Pet’s Individual Preferences When drafting a trust or will, it is important to take into account the needs of individual animals. When it comes...

Preparation for the Future: Creating or Amending an Estate Plan
March 9, 2022March 9, 2022

Preparation for the Future: Creating or Amending an Estate Plan

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Review/Update Your Estate Plan Itemize Your Assets Anyone who cares about the future of their possessions should write or amend an estate plan every three to five years. Take time and include your loved ones in estate planning conversations to minimize conflict or arguments about your plans. But first, what is estate planning? Estate planning is the process of ensuring that your assets will be used in accordance with your wishes should you become disabled or die. Estate plans are not set in stone, as many people believe. In reality, a person’s estate plan should be reviewed and, if necessary,...