Just as important as drafting your estate plan is making sure your assets are appropriately titled. What is the point in having one, if it cannot be implemented according to your true wishes?
It is more common than you think for people to have an estate plan done but fail to review asset ownership and beneficiary designations for various policies. This is dangerous! Failure to complete this review and make any necessary changes can result in unintended probate court proceedings, money going in large sums outright to young adult children (think about you, when you were turning 20), money going outright to disabled persons, which may impact their benefits, or quite frankly, in the hands of someone you no longer intended to inherit any assets. The list goes on.
At C&G, we strive to help clients avoid making these mistakes. We discuss the importance of asset and beneficiary designation review, request it to even complete the estate plan, make recommendations on any necessary changes AND we will work with financial advisors and insurance agents upon request to ensure your money stays protected and is distributed in accordance with your wishes.
Make sure your estate plan serves its purpose, There’s no sense in having a wonderfully written plan if it is not ultimately implemented with your intentions. Contact C&G to assist you today!
P: 248-395-3699 E: firstname.lastname@example.org
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