July 18, 2019

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 aledwein@cbiz.com.


2019 Business Tax Planning Supplement

Anne Ledwein is a Managing Director in the CBIZ MHM Minneapolis office.

Copyright © 2019, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).

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