Reviewing Estate Planning Basics

Written By Kevin McKernan

One of the biggest reasons to brush up on your Estate Plan is important life events. 

• A new child or grandchild 

•A marriage, divorce, or new relationship 

•Buying or selling property 

•Starting a business 

•A move to a new state 

•Changes in financial accounts or investments 



This fall make sure to: 

•Review your will and trusts for accuracy 

•Confirm beneficiary designations on retirement, bank, and life insurance accounts 

•Update healthcare proxy and power of attorney documents 

•Address digital assets, like online accounts and crypto 

•Inform your fiduciaries where important documents are stored 



Here are some ideas to enhance the effectiveness of your plan: 

•Revocable Living Trusts 

•Will 

•Irrevocable Trusts 

•Power of Attorney (POA) 

•Health Care Proxy and HIPAA 

•Beneficiary Designations/TOD and POD 

•Pre-Objection Discovery (SCPA § 1404 in NY) 

•Gifting Strategies 

•Regular Legal Reviews 

•Estate Planning for Blended Families 

This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client.

For further information please contact me at www.kmckernanlaw.com kevin@kmckernan.com or 718-317-5007.

Kevin McKernan
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