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Do you know what is written in your will? Does your will reflect your current interests? Is your will up-to-date or is it even still valid? Should you have a living trust? Do you have a good record of your assets for your personal representative?
If you answered, “No,” or, “I’m not sure,” to any of these questions, you are in good company! In fact, if you have a will, you are already ahead of over 50% percent of Americans who do not. For many with a will, much time and many important life events have passed since they wrote their last will. It is critically important to review your will and estate plans periodically and keep them up-to-date. That can seem like a daunting chore, but we can help. Georgetown offers a complimentary series of brochures with helpful information on wills and estate planning. We would be pleased to send this to you.
Whether you are working on your first will, or reviewing your current will, this series is designed to help you think through all of the important considerations before you visit your attorney.
Have there been significant changes in your world since you wrote your last will? Perhaps your family situation has changed through the birth or demise of loved ones. Have you moved from another state since writing your last will? There certainly have been frequent and critical changes in tax laws pertaining to estate planning in recent years. Have your assets changed significantly? The rise in property values alone in the past decade may have skewed your estate plans or greatly impacted your estate tax liability. These and other factors can quickly leave your will out-of-date, not reflective of your current interests, or even invalid.
The first few brochures in our series review general will and estate planning concepts. They will provide you with insights and options for you to consider as you prepare to visit your advisors.
Is a living trust right for you? Much has been written on the benefits offered by living trusts, but is this something you should consider? The fourth brochure contains essential facts and useful perspectives on this plan. Ultimately, of course, your attorney will be your best source for advice.
The series concludes with a valuable booklet for you to list and organize your assets: the Personal Information Record. This can be an excellent resource for two purposes:
We spend a lifetime building, caring for, and managing our estates. It just makes sense to spend a little time, now and then, keeping our estate plans in order and up-to-date. GeorgetownÕs complimentary series on wills and estate planning is an easy and simple way to start the process. We would be delighted to send you this series, in total confidence, and at no obligation. Simply email Stephen Link at SPL8@georgetown.edu, or telephone Stephen Link at: 202-687-3697.To help you put in order your holdings to discuss with you attorney and,
To include with your estate plans.
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