The Estate of Your Estate
July 1, 2015 | Peter J. LaBella, CFP®
It’s not a topic most people enjoy talking about, but addressing one’s own death — and what happens to your family, assets and belongings afterward — is crucial. Although the term “estate planning” may conjure images of wealthy aristocrats of the 19th century, it’s a topic relevant to most of the population, and ignoring it could have a myriad of negative repercussions for those who survive you. Estate-planning “blunders” — mistakes lawyers and financial planners see daily — could mean emotional and monetary hardship for those already dealing with the death of a loved one. According to experts, putting in the time to have a plan in place not only gives you peace of mind, but can also save your family from unnecessary stress in the future.