“About 70% of estate settlements are followed by asset losses or a reduction in family harmony” writes Bob Carlson for Forbes. It is a sobering thought to believe that a lifetime of hard work actually leads to a reduction in family accord more times than not. Carlson makes three phenomenal observations that we can all learn from when thinking about and implementing estate planning:
- Follow through with the plan.
- Periodically revisit the plan and revise as necessary.
- Inform and prepare the next generation as well as you can.
At Asset Advisors we have over 30 years of experience helping understand, implement, revise, and carry out estate plans – whether that means wealth passing to a surviving spouse or to subsequent generations. We want to be as active as possible in both the strategy and implementation of our client’s estate plans. If you do not have a plan or have not reviewed your plan in some time, let’s discuss your objectives for your money.