Jump to Navigation

Estate planning for baby boomers

More and more baby boomers are retiring. While it might seem like just yesterday that you were settling down into a career and your children were born. The reality is, your children are well into adulthood, and you may even have grandchildren on the way. Your success in your career has afforded you many opportunities, you have accumulated assets and wealth and you are preparing for retirement.

Although all of these changes have been exciting, many people forget to update their estate planning documents as these changes occur. No matter how big the changes might appear to be, they can have great implications on a person's last wishes and other estate planning objectives. Sometimes estate plans need to be revised because of these changes.

Changes in beneficiaries, additions to a person's family, or a death might warrant a change to a person's estate plan. Other changes in the law might also make it a good idea to frequently review you estate plan. Speaking with an experienced estate planning attorney might be a wise decision. They can help a person look at their current estate planning documents and make revisions.

By setting up new or revised estate planning documents, you can ensure your final wishes are honored. These documents can also help people plan for the unexpected. Gaining peace of mind is one major benefit for baby boomers to review their estate planning documents. These documents can also make sure their assets are preserved as they are passed onto the next generation in your family.

Source: Fox Business, "What Boomers Need to Know About Estate Planning," Casey Dowd, Sept. 13, 2012

-Our law firm handles many different estate planning needs. If you would like to learn more, please visit our estate planning website.

No Comments

Leave a comment
Comment Information
Subscribe to this blog's feed Are You in Need of Expert Legal Representation? Contact Us For A Consultation. (201) 467-4180

McCurrie McCurrie & McCurrie, L.L.C.
680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
E-mail

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close