Tuesday, March 4, 2008
Is Your Estate Plan in Order?
Do you have a will? Powers of attorney for Property and Durable Power of Attorney (for Healthcare)?
When's the last time you reviewed beneficiaries on your life insurance and retirement plans? Do you know what will happen
when you die?
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If you don't have answers to these questions, you may want to consider rethinking your plans.
According to the AARP, 40% of people over 50 don't have a will. 55% of that group doesn't have a Durable Power of
If you have children, you need to consider what would happen you them if both you and your spouse die.
Do you have a guardian and a trust set up for them, if they are minors?
If you don't have documents, or if
you haven't updated them in the past five years, or if you have had significant life changes (death of spouse, new child,
divorce) consider doing that today.