I like to write at least one article on basic estate planning each year because it’s just that important.  Financial advisors spend years working on financial plans and investment programs that can easily be dislodged by overlooking small estate planning tasks. 

In my experience, people with up to 2M generally are satisfied with having a Will along with annual reviews of their beneficiary elections and checking the registration and titling of investment accounts and real estate.

Often I notice clients focusing heavily on the investment aspect of financial planning without giving adequate consideration to estate planning. It tends to be clients under 35 and those who are unmarried who often don’t think they need estate planning.