“Your life is complicated. Your family is complicated. Your estate planning doesn’t have to be.”
Estate Planning can sound fancy, and complicated, and perhaps only for the rich. But really, it can be as simple as planning for your “stuff” — who gets your “stuff” when you don’t need it anymore. Your stuff may include your home, your bank accounts and your personal mementos. Or your stuff may include a business, a much-loved pet, large retirement plans, a vacation home and diverse brokerage accounts, all of which can require a little more planning. Just as the “who” you want to receive your “stuff” could include your spouse, your angelic children4, your adorable nieces and nephews, or perhaps it’s your alma mater, your crazy Aunt Alma, your domestic partner, your long-term partner, your third spouse, your kids from your second and fourth marriages, or some combination of the above. And we’re just guessing here, but it’s likely the IRS is not on your list of people who should receive your stuff. The point is, whatever stuff you have and whoever your desired recipients are, you need an estate plan.