6 Steps Families Can Take to Eliminate Estate Planning Headaches
When it comes to estate planning, one major misconception is that a formal plan is necessary only for high-net-worth individuals and families. In reality, almost everyone holds items in their estate that need to be accounted for, including real estate, retirement accounts, life insurance and personal property that hold sentimental value, like mom’s favorite vase.
Whatever the case may be, anyone who wishes to pass along his or her assets should consider putting a plan in place to streamline organization, eliminate headaches for family and minimize the impact of taxes and other unwanted costs down the line.
As you map out your estate plan, reference the below checklist to help ensure you stay on track to transition your legacy to the next generation exactly as you envision it. If you have any questions, please feel free to contact me directly at firstname.lastname@example.org.
Anne Ledwein is a Managing Director in the CBIZ MHM Minneapolis office.
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