Thomas-Walters Estate Planning May 2019

www.thomas-walters.com 817-258-5908

May 2019

Keep in Mind This Mother’s Day ...

Moms are pretty important. They watch over us and take care of us for our entire lives, which is why it’s so important to show them appreciation when we can. While there’s a lot we can do for Mom and Dad, one of the best ways to make sure they are taken care of is ensuring they have an estate plan in place. When people pass without an estate plan set up, their assets usually have to go through probate, which is a very time-consuming, stressful, and often painful process. However, if Mom and Dad have an estate plan in place, and they’re updating it when necessary, it eliminates all the stress of worrying about what might happen to their assets. It’s also important to note that an estate plan does more than just relieve anxiety; it also protects the surviving parent if one were to pass away before the other. Statistically, women tend to outlive men. If Mom and Dad don’t have an estate plan and Dad passes away before Mom, it could cause a lot of problems. In some families, one spouse handles finances. If that person were to die before the other, the burden of financial responsibility would fall on the spouse who has no clear idea about how to properly work through it all. Making sure that Mom and Dad have a plan set up helps them avoid problems such as these. It’s natural

to want to protect your parents, especially in a time when they should be enjoying their retirement after years of hard work. Estate plans organize people’s finances, assets, and important documents, and they also give a clear direction of who to talk to for what reason if an issue were to occur. At Thomas-Walters Estate Planning, whenever anyone sets up an

estate plan, we always provide them with an estate planning portfolio. This portfolio has sections where they can include information on who to call about taxes or investments, where their banks are located, account numbers, and any other financial information they have. We make sure that everything is in one place for them so that if Dad were to pass away, Mom wouldn’t be buried with financial stress. Make sure Mom is taken care of this Mother’s Day. If your parents need an estate plan, encourage them to give our office a call.

“Making sure that Mom and Dad have a plan set up helps them avoid problems such as these. It’s natural to want to protect your parents, especially in a time when they should be enjoying their retirement after years of hard work.”

-Les lie Thomas

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