Spring Cleaning: This Tax Season, Get Your Estate and Financial House in Order!
- Do I need to take extra steps to protect myself, my assets, and my family of choice?
- Am I saving enough money for my financial security?
- Do I have the appropriate insurances in place to protect myself and my family? (Disability, Life, Homeowners, Long Term Care)?
- Who will make financial and health decisions, if I am unable?
If you:
- Own a home;
- Have a child;
- Are partnered;
- Are thinking about retirement;
- Have a retirement account or 401k plan;
- Want someone other than your biological family to:
- Inherit your possessions;
- Make medical or financial decisions if you become unable to do so;
- Visit you in the hospital;
- Carry out your wishes regarding funeral and burial;
- Co-parent a partner’s child; or
- Have assets you want to leave to charity
Then chances are, you need to make your wishes known with the help of these resources, an experienced attorney and a financial planner.
Learn about the legal documents you can use to protect your important relationships and review sample documents.
Find out more about financial planning for same-sex couples.
Thanks to our friends Joe Kapp and Nick Burkholder, Money Columnist with the Advocate for their input on this piece.
