Estate Planning & Estates
An outdated estate plan can be just as disastrous as no plan at all. Shook, Hardy & Bacon asks clients to consider the many life changes that could render an estate plan ineffective, including (a) changes in financial or marital situation, (b) the addition of new family members, (c) the loss or disability of loved ones, (d) declining health, (e) changes in charitable inclinations, (f) a change in state of residence, and (g) annual changes in tax laws. SHB estate planning attorneys can provide a plan to coordinate wills, trusts, jointly owned property interests, life insurance policies, pension plans, and retirement accounts. A well-crafted estate plan can also help minimize the risk of taxing authorities becoming the unnamed beneficiaries of an estate.