Your retirement years can be some of the most fun and fulfilling of your entire life. Most people look forward to retirement with increasing anticipation as the years of hard work wind down. In today’s society, people are retiring young and healthy enough to enjoy the fruits of their labor for years and years. While thoughts of national or international travel, golf, scuba diving, gardening, and many other activities may fill your mind just prior to retiring, this is often the time many begin to seriously consider estate planning. But remember, it’s never too early to start planning for your retirement years! As an attorney, I am often questioned about issues concerning estate planning. Over the years, I’ve kept track of the most frequently asked questions. Below are the questions and their answers. Although these questions are certainly very pertinent to estate planning and those entering the retirement years, the answers also contain good information for people in all phases of life.
In Summary: Although this is not an exhaustive list of the questions I have received, it does cover some of the most frequently asked points. It can seem quite confusing and even overwhelming when you begin considering all of these issues. But with some investigating, soul searching and the counsel of a good estate planning attorney, you can develop an estate plan that will offer protection and give you peace of mind.
This Article is intended to provide guidance on Wills, Trusts and Estates: This Article does not constitute and should not be treated as, legal advice regarding any particular estate planning tool or technique, your particular estate, or the tax consequences associated with the use of any particular estate planning tool or technique. Each recipient and reader of this Article should consult with counsel and other advisors (i.e., tax advisors) to determine both the tax and non-tax implications and consequences of using or recommending the use of any particular estate planning tool or technique referred to in this Article.