Starting a conversation with your loved ones (whether it be your parents, your partner, your siblings, your children, or others) about estate planning can feel overwhelming for many reasons. Here are five tips to help you begin.
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If your social media feed is anything like mine the past 4-ish weeks, it's been filled with all sorts of people trying to change their life through the magic of tidying up, thanks to Marie Kondo and / or getting cozy at home through a different kind of magic called hygge. In other words, a new year.
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There are many reasons people avoid Estate Planning. If you're one of those folks who is avoiding it, you're not alone!
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The thought of creating even more legal documents while going through a divorce, as well as after a divorce, probably isn’t high on anyone’s list. But estate planning (wills, trusts, powers of attorney, etc.*) is something very important to consider, discuss, and take care of as a part of the divorce process - particularly if you are co-parenting children with someone to whom you are no longer married.
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Today (Halloween) is a holiday with a rich backstory. A quick skim of the Wikipedia page on Halloween reveals a number of traditions celebrating today (and the few days that follow) as a way to honor the memories of our loved ones who have died. The timing of Abundance NC's annual Death Faire (this year, November 3 in Pittsboro) is not coincidental. They offer this event as "an attempt at changing our culture around death, dying, and ultimately living well."
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QUESTION: How complicated is it to write a will?
ANSWER: Probably less complicated than you think!
I regularly hear, "it's too complicated," as one of the main reasons people haven't written a will. For people with blended families, complicated finances, numerous lengthy and specific property distribution bequests, and/or vast amounts of wealth - yes, it can be complicated.
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Getting your estate plan documents written is (more than) half the battle. But, before you shove those freshly signed, witnessed, and notarized documents in a drawer somewhere and forget about them (and by the way, don't do that!) - please be sure you aren't making one of these seven deadly estate planning mistakes - they are all totally avoidable!
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