The notion of planning for death and taxes at your passing is not an easy subject to tackle. And although it may be a hard topic to think about, delaying your planning can cause many issues for your family when you are gone. Anyone who has stuck by their family during the passing of a loved one knows just how powerful the ensuing emotional (and financial) tsunami can be. There are many decisions that must be made during a time of grief. This fact of life was recently addressed in a Forbes article titled “Are You Ready For Both Death And Taxes?” Death taxes aside, death itself presents choices that must be made. You, and you alone, are in the best position to make proper estate plans to preserve and protect your assets and your family at your passing. The original article presents a good, better, and best approach. However, what is the best approach? In the end, you know your assets and loved ones better than anyone else.
Reference: Forbes (August 21, 2012) “Are You Ready For Both Death And Taxes?”