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Day: January 9, 2023

Estate Planning Pitfall: Your Estate is Tied Too Closely to Specific Gifts

In a meeting room, two individuals discuss charts on the table. A small model house, calculator, and smartphones are visible. One person gestures with a pen, while discussing Western Springs Estate Administration, as the other listens intently with hands clasped.

Your will provides for the disposition of your assets upon your death and is designed to tie up loose ends in your estate. You may wish to include specific bequests to beneficiaries in your will, such as collectibles, jewelry, or art that you may wish to leave for your child. However, it is important to …

Continue reading “Estate Planning Pitfall: Your Estate is Tied Too Closely to Specific Gifts”

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