Creating an Updated Estate Plan
This week, our friends at PNC Wealth Management provided valuable insight on how best to create an updated estate plan while going through major life changes, such as marriage or divorce.
In the article linked below, PNC explains that having a well-prepared estate plan is much more than just having a will in place. The article goes into detail on what documents are needed for an estate plan, such as both financial and health care powers of attorney, a Health Insurance Portability and Accountability Act of 1996 (HIPAA) waiver, and living will.
PNC also offers tips for creating an ICE pack (In Case of Emergency) and provides a list of possible situations and life events that could cause a person to consider reviewing his or her estate plan.
These things are especially important for those getting married, those going through a divorce, and/or those having children. Life events like this may affect how your estate will be distributed so it is important to consult with an experienced family law attorney as well as a financial planner.
In these uncertain times, being proactive and putting appropriate and up-to-date estate planning documents in place can help alleviate stress and create a measure of certainty and peace of mind.
View the full article from PNC here:
Avoiding the What Ifs: Creating an Updated Estate Plan
Contact us today if you or someone you know is about to get married or is considering divorce and has questions about the future. The attorneys at Hatcher Law Group can partner with you and get you the information you need.