Of Turkey and WillsNov 25, 2014 | Wealth Management
There is nothing like a big Thanksgiving dinner surrounded by family (and also surrounded by my mom’s homemade dumplings!). And as you enjoy this family theatre, it is a perfect time to think about how you can further help your loved ones by considering what will happen to all your assets after you take your final bow…after you exit stage left…after your final curtain….you get the point.
The best gift you can give your family this holiday season is a thorough estate plan. There are countless celebrity examples and private examples where a poor estate plan or no estate plan has torn a family apart…the same family that used to enjoy warm and happy Thanksgiving dinners together. I hope you really enjoy your time this week with your family. However, immediately after the final dish has been washed and the final candle extinguished, I encourage you to review your estate plan, starting with your will. If you die without a will, the state of Kentucky has one for you, but you probably won’t like it. I guarantee your family won’t like it. If you need help getting started, give me a call. Finally, don’t go it alone. Your estate planning documents need to be drafted by one of the outstanding estate planning attorneys we have in Lexington and I’ll be glad to handle the introduction.
Final Act: I have helped grieving families deal with the loss of a parent many times. It is nice to hear, “Wow, mom thought of everything.” Yes she did, because she made her planning a priority and assembled the right financial team around her to help her along the way. Indeed, her final act was an award winner!
Staying with the theatrical theme, here is a short video about William Shakespeare’s will.
Senior Wealth Advisor
Bank of the Bluegrass & Trust Co.
215 Southland Drive
Lexington, KY 40503
Investments offered by Wealth Management Division at Bank of the Bluegrass & Trust Company *Are not FDIC Insured * Are not Bank Guaranteed * May Lose Value*
The information presented in this email is general in nature. It is not intended to provide, and should not be relied upon for accounting, investment, legal or tax advice. Investors should consider their individual financial circumstances and the inherent risks of investing prior to making any investment decision.
Share this post