We lost talk show legend, Larry King, in January 2021. He had been star of our television screens for decades and had certainly led an interesting life. When he passed he left behind six ex-wives, with the seventh ex-wife pending, five children and a supposedly "secret" handwritten will.
Elizabeth Taylor structured her will as a revocable living trust, offering her and her beneficiaries privacy. This move prevented the details of her estate plan from becoming available to the public. However, this did not stop some of the details from seeping out.
Many of our 2020 goals may have been derailed due to Covid-19. Estate planning is at least one thing we can have control over heading into 2021.
Your life insurance policy is only worth having if it grows and changes with you and your circumstances. As life happens, your situation will change and evolve. Your life insurance document should change and evolve with it.
No estate planning professional can build the best plan possible without the help of the most important member of the estate planning team: YOU.
