Given the new tax law just implemented by Washington, now may be the time, for those of you lucky enough to have substantial assets, to check in with your estate planner to see if any changes are warranted. Next Avenue has a helpful list of questions to ask as you plan ahead. In addition to your money, it may also be a good time to think about your material possessions- for example, who’s going to get the vintage china set and what should you do about all of those old photo albums. We know that some items have monetary value but many also have emotional or sentimental value, which can be just as compelling to children or others who may inherit from you. Jim Miller of SavvySenior.org has some useful suggestions for how to think about divvying up those family mementos. Check out his advice Here. Oh, and about those photos? Raise your hand if you have shoeboxes of old photos stacked somewhere in the back of your closet. For some advice on how to translate those curled and discolored photos into easier-to-handle digital form, take out your shoebox and look Here (Make sure to scroll to the bottom to watch the brief video on digitizing!).
