{"id":14338,"date":"2020-12-02T00:39:39","date_gmt":"2020-12-02T07:39:39","guid":{"rendered":"https:\/\/woodriverweekly.com\/?p=14338"},"modified":"2020-12-02T00:39:39","modified_gmt":"2020-12-02T07:39:39","slug":"making-a-list-and-checking-it-twice","status":"publish","type":"post","link":"https:\/\/woodriverweekly.com\/index.php\/2020\/12\/02\/making-a-list-and-checking-it-twice\/","title":{"rendered":"Making A List And Checking It Twice"},"content":{"rendered":"

Annual Financial + Estate Planning Priorities<\/i><\/span><\/strong><\/p>\n

By Kristin Hovencamp<\/p>\n

\"\"
Kristin Hovencamp is an Investment Consultant and Director of Business Development at Hazlett Wealth Management, LLC. HAZLETT WEALTH MANAGEMENT, LLC is independent of Raymond James and is not a registered broker\/dealer. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Securities offered through Raymond James Financial Services, Inc., member FINRA\/SIPC. 675 Sun Valley Road Ketchum, Idaho, 208.726.0605. HazlettWealthManagement.com<\/figcaption><\/figure>\n

Over the course of a year, how many times have you forgotten to revise an important document? Often, you can remedy a mistake. With an estate plan, there is a point of no return. Harvard Law School professor and expert in trust and estates, Robert Sitkoff, offers this advice: \u201cBad things happen, and you have to plan for that. Hope for the best and plan for the worst.\u201d<\/p>\n

A year-end checklist can prompt your memory and help keep financial and estate documents current.<\/p>\n

Has your family had any major life events that warrant review of your designated beneficiaries?<\/b>\u00a0Events can include the birth of a child or grandchild, a change in marital status, or a family member\u2019s passing. IRA beneficiary designations trump a will, so it is essential to keep them current.<\/p>\n

Is your last will and testament relevant?<\/b>\u00a0Reviewing your will is an excellent habit to form.<\/p>\n

Do you have durable powers of attorney in place?<\/b> Should you become incapacitated, these crucial documents delegate authority to oversee your health, finances, and necessary legal signatures.<\/p>\n

Have any changes been made to your retirement accounts?<\/b>\u00a0Did you make any significant financial transactions or execute a rollover from a former employer plan? Could potential changes to tax laws affect your estate?<\/p>\n

Do you have adequate life insurance, long-term care insurance?<\/b> Revisit your policies before their annual renewal date. You may want to increase or decrease coverage or discover an option that better suits you or your family.<\/p>\n

Are your charitable-giving vehicles accomplishing what you envisioned?<\/b>\u00a0Charitable goals can evolve, and your estate should reflect such adjustments.<\/span><\/p>\n

To avoid unnecessary consequences, review your estate plan at least every five years, more frequently when significant life events occur. Make it a habit and put a yearly reminder in your calendar. \u201cLife is what happens to you while you are busy making other plans.\u201d\u00a0\u2013 John Lennon<\/p>\n

Kristin Hovencamp is an Investment Executive and Director of Business Development with HAZLETT WEALTH MANAGEMENT, LLC, which is independent of Raymond James and is not a registered broker\/dealer. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Securities offered through Raymond James Financial Services, Inc., member FINRA\/SIPC. Raymond James does not provide tax or legal advice. Please consult the appropriate professional for guidance with your situation. 675 Sun Valley Road, Suite J1 + J2 Ketchum, Idaho 83340 208.726.0605. HazlettWealthManagement.com<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Annual Financial + Estate Planning Priorities By Kristin Hovencamp Over the course of a year, how many times have you forgotten to revise an important document? Often, you can remedy a mistake. With an estate plan, there is a point of no return. Harvard Law School professor and expert in trust and estates, Robert Sitkoff, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","_pvb_checkbox_block_on_post":false,"footnotes":""},"categories":[2,16],"tags":[],"class_list":{"0":"post-14338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-commentary","7":"category-finance"},"_links":{"self":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/14338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/comments?post=14338"}],"version-history":[{"count":0,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/14338\/revisions"}],"wp:attachment":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media?parent=14338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/categories?post=14338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/tags?post=14338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}