Lynn Balou, a financial planner in the San Francisco Bay area, published an update of important points to consider in estate planning. Her final exhortation summarizes well the purpose and effect of a good estate plan:
Bottom line: Each of us has an estate plan even if we do nothing. But that estate plan will not be one of our choosing – it will be handled by the government. If you want a say in what happens if you become incapacitated and at your death, hire a great attorney who specializes in estate planning so that you can create an estate plan of your design. And then, revisit your plan from time to time, but mostly just get on with your life and enjoy!
For the entire article, go to the Lamorinda Weekly.