The holidays bring families together, for better or for worse, and as we share a meal, several delicate topics might pop up: politics, religion, death, or money. Your family may have its own etiquette for whether discussion of politics or religion is allowed at the dinner table, but every family needs to have the conversation about death and money. No matter your age, there are factors to consider and discuss. Asset Advisors strives to help you with important considerations, such as inheritance tax planning, naming beneficiaries, consolidating investment accounts, and helping to implement your estate plan. You should have the proper documents in place: your will, power of attorney, and healthcare directive, but there are also many smaller details that surviving family members will need to know, such as your recurring expenses (lawn service, electric bill, etc..), your debts, the cashbox under your bed, or your social media passwords.
Consider using the document linked below to help your family gather this knowledge now to ease the process during an already difficult time. Perhaps it will help facilitate a necessary conversation this holiday season – a conversation that shows your love and concern for what your family will have to decide when you are no longer with them.
Give us a call at 706-650-9900 to plan for living your life fully and for the wealth transition to your loved ones after you’re gone.
(Besides having a paper copy, there are also online tools for organizing information, such as lantern.co. Just be careful where you store full account numbers and sensitive information.)
The information in this communication is educational and general in nature and should not be construed as specific investment, tax, or legal advice. Individuals should seek advice from their wealth advisor or other advisors before undertaking actions in response to the matters discussed. No client or prospective should assume the above information serves as the receipt of, or substitute for, personalized individual advice. This represents the current opinions of Asset Advisors and presents information that may change. Nothing contained in this content may be relied upon as a guarantee, promise, assurance, or representation as to the future. All tax laws and regulations discussed are subject to change. Investing involves risk including loss of principal. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. This is prepared using third party sources considered to be reliable; however, accuracy or completeness cannot be guaranteed. The information provided will not be updated any time after the date of publication. Services and investment advice are only provided pursuant to an advisory agreement between Asset Advisors and its client.
