When the economy feels unpredictable, it’s tempting to delay big decisions. Yet estate planning is one area where hesitation can lead to costly mistakes. Asset values shift, healthcare expenses rise, and laws change sometimes quickly. An outdated will or a missing power of attorney can create confusion or delay during an already difficult time.
Reviewing your estate plan before the year ends allows you to adjust to financial changes, update beneficiaries, and ensure business interests or real estate holdings are titled correctly. For younger families, this may mean naming guardians and establishing trusts. For retirees, it’s often about tax efficiency and protecting assets from the costs of long-term care.
At Pickrel, Schaeffer & Ebeling, our estate planning attorneys help clients make confident, informed decisions—no matter the economy’s direction.
