Top Tips for Talking About Your Estate Plan

December 21, 2016

As you gather with family for this holiday season, keep in mind that talking about your estate plan could become difficult if you have plans separate from what your loved ones intended. However, this is also a great opportunity to stay focused on what you need to share and how best to support your loved ones.estate planning New Jersey

First of all, make sure that someone has access to the information that will be necessary in the event that you pass away. For example, your estate planning attorney should have a copy of everything but you may also wish to let a loved one know where relevant information such as your documents are stored, like in a safe deposit box or access to your password related information.

You may want to have your loved ones step in to deactivate or memorialize your social media accounts, for example, but they may be unable to do this if you do not provide them with the appropriate tools to get it done. It can be difficult to manage these accounts event after someone has passed away and you have relevant proof that they are indeed deceased.

Companies must obtain additional support and it may be simply easier for you to leave behind your password access information or use a tool such as Last Pass to authorize other individuals in the event that something were to happen to you. When visiting with family, try to avoid conversations about who will be receiving what unless your loved ones can come to a sense of agreement on various pieces of property. Over the holidays, arguing about various assets and materials could quickly devolve into a major family argument if you are not careful.

      


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Donor Advised Funds: A Strategic Tool for Estate Planning, Tax Efficiency, and Multigenerational Wealth

Learn how donor-advised funds can support estate planning, reduce tax exposure, and simplify charitable giving for high-net-worth individuals and families. Donor-Advised Funds: Aligning Philanthropy with Financial Strategy For individuals and families focused on long-term wealth stewardship, charitable giving is often more than an act of generosity—it’s a strategic component ...

<p>The post Donor Advised Funds: A Strategic Tool for Estate Planning, Tax Efficiency, and Multigenerational Wealth first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Tax Season Is Over—Now What? Smart Financial Moves to Make After Filing

Tax filing season may be behind you, but important financial planning opportunities remain. Here’s what business owners and families should consider next. Tax Season Is Over—Now What? For many, the tax filing deadline brings a sense of relief. Documents ...

<p>The post Tax Season Is Over—Now What? Smart Financial Moves to Make After Filing first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Out-of-State Trusts: What They Are and How They Can Support Long-Term Wealth Planning

Learn how out-of-state trusts work, their potential benefits, and key considerations for business owners and families seeking tax efficiency, asset protection, and legacy planning. Out-of-State Trusts: A Strategic Tool for Modern Wealth Planning For business owners, executives, and multigenerational families, managing wealth across ...

<p>The post Out-of-State Trusts: What They Are and How They Can Support Long-Term Wealth Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>