Taking the time and effort necessary to plan one’s estate is imperative, and can provide for one’s immediate family.
Greensboro, NC (PRWEB) April 10, 2017
“Taking the time and effort necessary to plan one’s estate is imperative, and can provide for one’s immediate family,” said Scott K. Tippett, founder of the Tippett Law Firm, PLLC, who represents businesses and entrepreneurs, high-net-worth individuals and families and active and successful retirees in the areas of wealth preservation and domestic and international estate and asset protection planning.
To help people with estate planning, Tippett lists the following three tips:
No. 1: Start planning early. “You should start planning as soon as you turn 18, and definitely if you are married, have a child or are in a relationship in which you want the other person in the relationship to inherit some or all of your estate upon your death,” stressed Tippett, who has a “Superb” Avvo rating.
No. 2: Ensure documents are up-to-date. Documents should always be up-to-date and correctly reflect one’s wishes and intentions. Important documents include, at a minimum, a will, durable power of attorney, healthcare power of attorney, living will and HIPAA authorization. “Additional documents, depending on your circumstances and desires, can include a revocable living trust, irrevocable trust, cremation directive and anatomical gift instrument,” added Tippett.
No. 3: Periodic review of estate planning. “People should review their estate planning every three to five years, or upon important life-changing events such as marriage, divorce, death or birth/adoption of a child or grandchild,” concluded Tippett, who is also the principal author of The Wealth Lawyer, an informative blog dedicated to wealth law, estate planning and asset protection planning issues.
About Scott K. Tippett, Tippett Law Firm, PLLC
Attorney Scott K. Tippett serves Greensboro, Summerfield, Oak Ridge and the surrounding areas in North Carolina. Practice areas of the Tippett Law Firm include estate planning, asset protection planning, business matters, tax issues and real estate. For more information, please call (336) 643-0044, or visit http://www.tippettlawfirm.com. The law office is located at 445 Dolley Madison, Suite 208, Greensboro, NC 27410.
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