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The saying goes that a cobbler’s kids have no shoes. But my own experience in creating an estate and legacy planning product after the passing of my father over a decade ago has ensured that I practice what I preach.
Given that I know how important formalizing my wishes and information is, I recently updated my own estate plan. Here’s why you should update yours, too — or get on it if you haven’t already put one in place.
Whether you are asset-heavy or asset-light, have many dependents or none, or have complex or simple affairs, putting an estate plan together is critical to make sure your wishes are carried out and that your loved ones aren’t overwhelmed by the process. Being organized now helps …