Working with Atlanta-area seniors and their families, it’s one of the most common discussions I have. Even if you feel you don’t have a large estate, planning for what will happen in the coming years is essential.
It may not be the most fun you’ll have, but estate planning can save your family members years of trouble and heartache. A recent Kiplinger article cites example after example of entertainers who died with their estate wishes unknown, undocumented, or unclear. The list includes Prince, Aretha Franklin, James Brown and Ric Ocasek — all who left unclear estate plans that resulted in months or years of legal work to settle. Perhaps worst of all is the fact that their true wishes may have been delayed or not come to fruition at all.
The article suggests we all learn from their mistakes and take action today to give you peace of mind and make things easier for your heirs. It outlines some suggestions to prevent estate issues for your own family which includes:
- Prepare for death
- Be clear about who should benefit
- Charity before death pays benefits
- Update your estate & complete your will
- Get help picking trustees
- Know how divorce affects your estate
- Protect your legacy
- Consider selling property while alive
- Name your beneficiaries.
If you’re looking for resources or have estate planning questions, especially regarding property and real estate, we’re here to help. Contact Atlanta Seniors Real Estate today.
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