Why your tax plan deserves more attention than your will
While most people review their will every few years, a tax plan can become outdated far more quickly as assets, legislation and life circumstances evolve.
A current tax plan can provide valuable guidance when life circumstances, assets and financial objectives change. (Image source: PeopleImages/Shutterstock.com)
Most people are comfortable with the idea of reviewing their will every five years, sometimes longer. Unless there is a marriage, divorce, birth, death or some other major life event, a will can sit quietly in the background waiting for the day it is needed.
That makes sense because a will is fundamentally a document of ownership. Its role is to determine who receives your assets and who is responsible for administering your estate.
A tax plan …
