{"id":413,"date":"2013-10-24T20:24:29","date_gmt":"2013-10-24T20:24:29","guid":{"rendered":"http:\/\/holmesshirleylaw.com\/?p=413"},"modified":"2013-10-24T20:24:29","modified_gmt":"2013-10-24T20:24:29","slug":"nationalestateplanningweek","status":"publish","type":"post","link":"https:\/\/holmesshirleylaw.com\/nationalestateplanningweek\/","title":{"rendered":"National Estate Planning Awareness Week"},"content":{"rendered":"

History of National Estate Planning Awareness Week<\/strong><\/p>\n

In 2008, the NAEPC Education Foundation worked with a number of Congressional leaders to pass\u00a0House Resolution 1499<\/a>\u00a0which proclaimed the third week in October as National Estate Planning Awareness Week<\/strong><\/em>. According to the resolution passed by Congress, \u201cMany Americans are unaware that lack of estate planning and financial illiteracy may cause their assets to be disposed of to unintended parties by default through the complex process of probate.\u201d<\/p>\n

The resolution goes on to state that \u201ccareful planning can greatly assist Americans in preserving assets built over a lifetime for the benefit of family, heirs, or charities.\u201d It is estimated that over 120 million Americans do not have proper estate plans to protect themselves or their families in the event of sickness, accidents, or untimely death. This costs many families wasted dollars and hours of hardship each year that can be minimized with proper planning.<\/p>\n

Help Dispel the Myth That Estate Planning is Only for the Rich and the Elderly<\/strong><\/p>\n

Another startling statistic from the 2010 Industry Trends Survey of estate planners found that 62% of the respondents believed that many American do not plan because they have the erroneous assumption that estate planning is only for the wealthy or the elderly.<\/p>\n

Estate planning is important for adults of\u00a0all<\/span>\u00a0ages. Read the September 27, 2011 article in U. S. News & World Report entitled \u201cWhat You Need to Know About Estate Planning<\/a>\u201d which highlights the importance of single 20-somethings having an estate plan that includes a medical directive in the event of unexpected injury or illness.\u00a0 Another interesting article worth a read is this article<\/a>\u00a0published in the Ventura County Reporter entitled “Where There’s a Will.”<\/p>\n

For young families, estate planning is particularly important, as those who stand to lose the most are their young children. In the event of the death of both parents, who will care for the children? Who will handle the affairs of the estate and ensure that property will be transferred according to the wishes of the deceased parents? If there is no estate plan or will, the courts will appoint a guardian for the children, and the guardian may be an individual who does not share the values and religious beliefs of the deceased parents.<\/p>\n

Or in the event of divorce and remarriage, how will property pass from the former spouse to the children living in a household with a stepparent?<\/p>\n

In the event of the death of the primary breadwinner, is there sufficient life insurance coverage for purposes of income replacement to support the surviving spouse and children who were dependent upon the primary breadwinner for their daily maintenance and support.<\/p>\n

Advanced age and substantial wealth are not the primary indicators of the need for an estate plan. Young families, especially those with children who have special medical or educational needs, should seek the advice of an estate planning attorney who can guide them in providing for the current and future needs of their young children.<\/p>\n

If you want additional information about estate planning no matter your age or economic status, please call our office at 720-248-7621 to begin to get your questions or visit our Resources Page <\/a>for additional links to website that can provide you with the information you need to protect assets and, most importantly, your loved ones!<\/p>\n","protected":false},"excerpt":{"rendered":"

History of National Estate Planning Awareness Week In 2008, the NAEPC Education Foundation worked with a number of Congressional leaders to pass\u00a0House Resolution 1499\u00a0which proclaimed the third week in October as National Estate Planning Awareness Week. According to the resolution passed by Congress, \u201cMany Americans are unaware that lack of estate planning and financial illiteracy […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,10,21,9],"tags":[],"yst_prominent_words":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/posts\/413"}],"collection":[{"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/comments?post=413"}],"version-history":[{"count":0,"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/posts\/413\/revisions"}],"wp:attachment":[{"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/media?parent=413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/categories?post=413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/tags?post=413"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/holmesshirleylaw.com\/wp-json\/wp\/v2\/yst_prominent_words?post=413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}