Thursday, January 2, 2014

We need to Talk – Personal Choices to Review and Estate Planning

Lynn A. Dean
Estate Planning Attorney
Is there is a growing trend of personal year-end reviews, likened to the annual work related performance evaluation?  Wall Street Journal contributor to CBS news Jennifer Wallace and New York Times science columnist, John Tierney spoke on this topic, “Should There Be an YearEnd Review for Loved Ones?” 

Objectives and accomplishments, areas for improvements and annual goals are good topics for discussion. The objective is to have a forum for open communication about where you have been and where you are planning to go.  The idea is to make sure you and your partner are on the same page.  Most of us are familiar with the concept, and not just from our jobs.  We tend to review our finances, taxes, vacation plans or home improvements at some point.  These topics are often triggered by end of the year marketing, New Years’ resolutions and tax deadlines.  Sometimes it’s a life event that that shakes us up.  

Estate planning is a natural bridge between personal and financial reviews.  Have you designated someone power of attorney for financial matters?  Who’s the point person for medical decisions if you are unable?  If there are children, who would you choose to take care of them if you were not able?   If you like the idea of personal annual reviews, contact us.  At the Law Office of Lynn A. Dean, we make it easy.

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