Thanksgiving is almost here. Of course, the idea behind that holiday is to share what we have with our loved ones. But if you want your family to take part in your abundance, you will need to look beyond one day in November and follow a detailed plan of action.
For starters, review your estate plans, including your will, living trust, and other key documents. If you haven’t drawn them up yet, consult with a legal professional to get you started.
Also, work to preserve your financial independence so your family, especially your grown children, won’t be burdened. One possible step to take: Explore options to insure yourself against the devastating costs of long-term care, such as extended nursing home stay.
Finally, communicate your wishes to your family. By doing so, you’ll prepare the right people for the roles you wish them to assume—power of attorney, executor of your estate, and so on.
Thanksgiving goes by in a blur. But with careful planning, you can demonstrate the spirit of sharing with your family for years—and possibly generations—to come.
Thanksgiving is a time to reflect on things for which we’re truly grateful. At Edward Jones, we’re thankful to serve our clients and our community. During this holiday season and every day, we wish you all the very best.
MICHELLE DENOYER (815) 255-2395 Channahon
NATE ALBERT (815) 836-8089 Crest Hill
EDWARD J. DOLLINGER (815) 744-2127 Joliet
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THOMAS R. CROSBY (815) 524-4568 Lockport
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