Wills • Trusts • Inheritance ... Planning for your family's future.
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Friday, October 19th, 2012 by

Hopefully we do our part to increase awareness of the need for estate planning every week with our blogs and newsletters, but we just had to make sure you knew that this week is National Estate Planning Awareness Week.  Congress officially designated the third full week of October as National Estate Planning Awareness Week in 2008, stating that:

“[I]t is estimated that over 120,000,000 Americans do not have up-to-date estate plans to protect themselves or their families in the event of sickness, accidents, or untimely death; …

[M]any Americans are unaware that lack of estate planning and `financial illiteracy’ may cause their assets to be disposed of to unintended parties by default through the complex process of probate; …

[C]areful planning can prevent family members or other beneficiaries from being subjected to complex legal and administrative processes requiring significant expenditure of time, and greatly reduce confusion or even animosity among family members or other heirs upon the death of a loved one; [and] …

[T]he implementation of an estate plan starts with sound education and planning, and then may require the proper drafting and execution of appropriate legal documents, including wills, trusts, and durable powers of attorney for health care; ….”

House Resolution 1499, 110th Congress (2008).

Although we are often disgruntled with what Congress does (or fails to do), we think that this time they got it right.  Please feel free to share this information, or any of our other newsletters or blogs, with your loved ones.  We also invite you to attend one of our Truth About Estate Planning workshops, “like” us on Facebook, or “follow” us on Twitter to increase your own awareness.



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