Depending on your age, financial status, and health, you may want to consider putting certain documents and property titles in proper order.
A current will is essential for individuals who want to direct what will happen to their assets when they die. In the absence of a will, the state will determine who gets what. If you have changed states of residence or had major changes in your financial holdings or in the number of family members since your will was written, you should have your will reviewed.
It is essential that the way in which you hold title to property be consistent with what you specify in your will. Life insurance policies will have named beneficiaries, as will your retirement accounts, so they will normally not be affected by your will. If you hold property jointly with "rights of survivorship," that property will pass to the surviving joint tenant(s) even if you name another heir in your will.
You may want a "living will" to specify your wishes about life-prolonging medical treatments. You should have a "durable power of attorney" to allow someone to act on your behalf if you should become incapacitated.
The CPAs of Kenneth D. Eichner, P.C. will gladly work with you and your attorney to see that your financial and tax matters are in order. You do not need to be a current client of this firm to call us. We would be happy to talk with you about your planning needs.