Free Tips from the American Bar Association on Estate Planning
Webinar open to the public highlighting National Estate Planning Awareness Week
Over the next 25 years Americans will inherit roughly $12 trillion from frugal, Depression-era parents and grandparents - according to studies, the greatest transfer of wealth in history. All the things you own, big and little, make up your estate. And no matter how large or modest it is, you can’t take it with you.
Studies show that some 55% of Americans die without a will or an estate plan, which can lead to significant legal and tax consequences. As part of “National Estate Planning Awareness Week” October 20-26, the American Bar Association will run a free webinar on how to begin the process of estate planning. “It’s human nature to avoid thinking about your own death, but you can save your family a lot of headaches – and money – by making these decisions ahead of time,” says lawyer David Dietrich, vice chair of the American Bar Association’s Section of Real Property, Trust and Estate Law. “It’s easy to fall into the trap of ‘I’ll think about it later,’ but I’ve seen firsthand how a family can be torn apart by an unexpected accident or death, and what happens to the survivors.”
During the webinar titled “Estate Planning: How to Get Going and Why Not to Do It Yourself,” legal professionals will offer step-by-step instructions on how to get started, followed by a period of questions and answers. They will also provide examples of why simply signing a will or power of attorney through a “do-it-yourself” plan is not a good idea, providing examples of scenarios and real-life experiences. The webinar is intended for the general public and does not require a background in law or tax matters. It airs live on Thursday, October 23, 1 p.m. EDT and can be accessed at www.estateplanhelp.org. After the live presentation, the recorded program can be listened to in its entirety until October 2015.