Action Plan: Important Takeaways from the March 21, 2024, Seminar: "What are the Basics of Estate Planning?"
Updated: Apr 25, 2024
If you attended the March 21 Seminar, the following are some of the important takeaways from the presentation:
1.Schedule a block of time to pull out your estate planning notebook. Review your documents, especially those sections that cover the basics:
Who is in charge?
Where do things go?
How does it go (outright or in trust)?
2. Confirm the beneficiaries on your qualified account (IRAs, 401(k)s, etc.) and, if you have a Living Trust, review the “Memorandum” under the Assets tab in your Notebook for general rules on titling assets with a Trust.
3. If you have not updated your estate plan in the last four or five years, call for a check-up appointment. Even if your wishes have not changed, the laws often have. And, for those with large wealth (more than $7,000,000 or $8,000,000), there may be changes ahead in the federal estate tax exemption that could affect you.
If you miss the webinar, please find the link to watch it below:
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