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Showing posts from August 20, 2016

Saturday Finances—The Importance of Updating Your Estate Plan

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Some really great tips from Kevin Ruth, Head of Wealth Planning and Personal Trust at Fidelity Investments



10 Common Pitfalls of an Outdated  Estate Plan


If you have a trust or a will, good job!  You got that far in creating an estate plan.  Most of us don't get around to it until a major life event forces us into it.  For me, it was becoming a successor trustee after my dad passed away in 2013.
After I closed my dad's trust a year later, I was compelled to put my own house in order.  I found a good estate attorney in town, and the following year, our family trust was finished.
It really is a great feeling to have it done!
The following article by Kevin Ruth from Fidelity Investments caught my eye because now that we have a trust, it is important to keep it up to date.
Dust off your estate plan: 10 common pitfalls to avoid, by Kevin Ruth, Fidelity Viewpoints
3 August 2016

Kevin's article is excellent!  He includes some helpful links at the end.  Make a copy & discuss any concer…