800.999.1109 - Aviation Insurance & Risk Management Magazine
800.999.1109 - Aviation Insurance & Risk Management Magazine
800.999.1109 - Aviation Insurance & Risk Management Magazine
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With a lack of planning by McNair and lack of review and update for Jackson, the settlement of their estates could<br />
be a long and expensive process. In light of what happened in these two cases, there are a few questions you should<br />
ask yourself NOW:<br />
If I am not here tomorrow<br />
• Will my family be able to live the lifestyle to which they have become accustomed?<br />
• Will my children be able to go to college?<br />
• Will my spouse be forced to sell the house?<br />
• Are the people I want to receive a portion of my estate included in my will?<br />
• Do I have enough Life <strong>Insurance</strong>?<br />
• When is the last time I reviewed my will? Have I had any major changes in my life since then<br />
(marriage, divorce, children, job, etc.)?<br />
• How much will my estate pay in taxes? Is there a way to reduce these taxes?<br />
• Have I provided a list of the online services I use to manage my money, including sign-on information<br />
for every site, to someone?<br />
Now that you have thought about the above, ask yourself<br />
• Do I know the answer to all of the above questions?<br />
• Am I comfortable with these answers?<br />
If your answer is “yes” to both of these extremely important questions, then you are in the minority of people who<br />
have done a good job at planning their estates. A survey conducted by Harris Interactive in April 2004 showed that<br />
55 percent of Americans do not have a will. If you are in the 45 percent that have a will, were you able to answer<br />
“yes” to the last two questions? If so, CONGRATULATIONS! If not, on the next page, are a few tips to get you<br />
on track.<br />
Fall 2009 | 19
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