A few days ago, I finished reviewing and approving my third Will & Testament. I have revised my Will three times – at 25, 42 and 50. Just part of the normal process we all need to go through. We all have the same worries about taking care of our family. Reviewing a Will also means reading related documents. I have a few partnerships and trusts plus my medical and financial Power of Attorney forms. Creating these documents occurred at different times. Finally, all of these documents have to be in sync. 211 pages. Ugh! However, the review focus of a Will & Testament plus related documents hinges on more than tax and legal stuff. We all need to consider our assets, philosophy of our money and our family. Not easy.
As a co-founder of Wealth Advisors Trust Company, I hold myself accountable to the best estate planning practices. We all learn by sharing processes, successes, and failures.