November Newsletter: Fall Estate Planning Update
November’s newsletter tackles fall estate planning with a fresh, football-inspired perspective. Just as each game needs a solid playbook, your family’s assets require a game plan. Without a doubt, we’re here to help you take on estate planning challenges and secure your legacy, one strategic move at a time.
What You Need to Know About Transferring Your Season Tickets
Transferring season tickets is no simple handoff. While the love for a favorite football team may pass from one generation to the next, season tickets operate under specific terms. Each team sets its own rules for transferring season tickets, often with restrictions during the ticket holder’s life or after passing. Essentially, a season ticket is a contract that grants fans access but remains the team’s property, allowing teams to decide transfer policies. These vary widely, from limited family transfers to specific forms and fees. Planning ahead with an attorney can help ensure a smooth transition that aligns with your estate plans.
Your Estate Planning Team Roster Imagined as a Football Squad
Football season is in full swing, and as Americans gear up for Thanksgiving games, it’s a great reminder of the teamwork needed in other areas—like estate planning. Just as a football team relies on offense and defense, your estate plan needs its own coordinated players. Think of your attorney as the quarterback, leading and adjusting your plan, while your financial advisor and tax professional map out financial strategies. On the defensive side, your executor, successor trustee, and power of attorney agent protect your assets. Don’t rely on a last-minute Hail Mary—plan now to secure your family’s future.
Fall Cleanup Checklist
As the year ends, it’s the perfect time to tackle your financial to-do list. Consider meeting with your CPA to optimize your tax situation—think charitable contributions, maximizing retirement accounts, or tax-loss harvesting. It’s also a great time to make any large gifts, taking advantage of the current gift tax exclusions before they potentially change. Also, don’t forget to review your estate plan so you head into the new year with the peace of mind to focus on what truly matters.
Estate Planning to Achieve Your Goals
Working with one of our attorneys will help you achieve your goals for a smooth handoff to the next generation. Secure your legacy with the same dedication you bring to cheering on your favorite team; contact our team today.