The start of a new year means a fresh slate. For many people, the new year begins with a list of goals—things we want to accomplish that improve our lives and the lives of others. One important task to add to this list: updating or creating your estate plan.
An estate plan allows you to plan for the future. You can create the legacy you want to leave, ensuring your family is protected well into the future. Without these documents, the laws of your state will determine how your assets are divided after your lifetime. This may leave out people and organizations that are important to you.
There are many ways to start planning for the future. The first step is finding the team you need to be successful. A financial advisor and estate planning attorney can help you create a plan that meets your needs and goals.
If you have already created your estate plan, take time this year to make sure it is current, especially if you have experienced life events such as:
When you include a gift to the University of Iowa in your estate plan, you ensure your support for our work continues into the future. Contact Susan J. Hagan, JD at email@example.com or 800-648-6973 or 319-335-3305 to learn more.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax adviser. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.