The Necessity of Estate Planning Only Increases

March 4, 2016

Although the general concept of estate planning has been around for hundreds of years, an increasingly complex global world means it’s more important now than ever. If you already have planned out your asset distribution and have a will in place, you may need to consider a couple of concerns you might have overlooked in the basic estate planning process: digital assets, pets, and aging parents. shutterstock_280234763

More individuals want to have clear plans in place for their beloved pets, and a pet trust may help you accomplish that. With more digital assets (and a whole host you probably don’t even realize you have!), planning for your digital belongings is a must today. Planning for guardianship may be something you even accomplish with your parents as well as making your own plans.

Having a comprehensive estate plan cannot be accomplished with just a few documents. You need regular engagement with an estate planning attorney to talk about your goals and to be sure that the tactics you select are in line with those goals. Don’t hesitate to set up a meeting with an estate planner today if you have overlooked one of these three categories in your planning.

 


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

The Financial Reality for Women After 65: Planning for Longevity, Income, and Legacy

Explore the unique financial challenges women face after age 65 and how coordinated tax, wealth, and estate planning can help support long-term security and legacy ...

<p>The post The Financial Reality for Women After 65: Planning for Longevity, Income, and Legacy first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Asset Allocation vs. Asset Location: What High-Net-Worth Families Need to Know

Learn the key differences between asset allocation and asset location and how each can play a role in building a more tax-aware, efficient investment strategy. ...

<p>The post Asset Allocation vs. Asset Location: What High-Net-Worth Families Need to Know first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Understanding Qualified Personal Residence Trusts (QPRTs): A Strategic Approach to Transferring Wealth Through Real Estate

Learn how Qualified Personal Residence Trusts (QPRTs) can help transfer home appreciation to heirs and potentially reduce estate taxes as part of a broader wealth ...

<p>The post Understanding Qualified Personal Residence Trusts (QPRTs): A Strategic Approach to Transferring Wealth Through Real Estate first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>