Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.
My father only designated my mom as an agent on power of attorney forms, and they have not been updated in many years. Where do you think we should go from here?
The need for accuracy in assumptions applies not only to income and assets, but also longevity. As Gen Xers recognize that they may live longer than their Silent (1925-1944) or Boomer (1945-1964) parents, the longevity assumption could be the key to success.
The fact is people’s names often change. People get married and divorced or sometimes just legally change their names.