A recent US News and World Report blog succinctly states What you Need to Know About Estate Planning. Taking excerpts from The Wall Street Journal Complete Estate Planning Guidebook, the author states:
• ‘Everybody needs to think about estate planning’;
• ‘The number one [estate planning] mistake is not doing anything at all’;
• ‘[T]he safest thing to do’ is to see an estate planning lawyer rather than attempt do-it-yourself planning;
• People should review their estate plans ‘often ‘ at least every three years.’
This is a simple yet straightforward article on the importance of estate planning for everyone ‘ and on the need to review existing estate plans frequently.