The start of a New Year is an excellent time to consider whether your estate plan could use a check-up. A properly executed plan can protect you and your family in the event of sickness, accidents or untimely death. With just a little advanced planning, you can give yourself some piece of mind and help your family avoid administrative or financial hardship.
You estate plan should be reviewed on a regular basis. There have been major estate and income tax law revisions in the past few years. Depending on your specific personal situation, an out-of-date estate plan might be missing valuable planning opportunities and could cost your family down the line in the form of unnecessary taxes and administration costs.
Here is a checklist that can assist you to determine if your estate plan could use a check-up:
Author: John Polgrean
We can help you develop strategies for a successful navigation of New Hampshire’s estate planning and estate and gift tax landscape. Please contact Attorney John Polgrean if you have questions or concerns about your business and estate planning. (603) 883-0797. [email protected]
This blog is intended for informational use only. The information contained herein should not be construed as offering legal advice or a legal opinion. At Welts, White & Fontaine, P.C. our lawyers have experience with representing families and closely held businesses.
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