Most people are aware of the more common threats to their assets. These are the threats that you may have already addressed in your estate plan; however, they are worth mentioning anyway just in case you are not aware of them. Common threats include things such as your own divorce, which threatens your assets because of the required division of marital assets. Economic downturn and failed business ventures are also things people typically recognize as possible threats to their assets. Finally, you have probably already been made aware of the impact federal and/or state gift and estate taxes could have on your estate assets as well.
About Jon J. Gasior, Estate Planning Attorney
His personal experience with family and the problems that resulted from their failure to create an estate plan resulted in his desire to learn more about this area of the law. From his work in the Elder Law Clinic, he further realized the need to plan not only for death, but also for incapacity during their lifetime. About the Author !
