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Julie Garber

National Estate Planning Awareness Week Begins on October 15

By October 8, 2012

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In 2008 the National Association of Estate Planners & Councils (or NAEPC for short), in conjunction with Rep. Mike Thompson (D-CA) and 49 of his colleagues, co-sponsored and helped pass H. Res. 1499, which declared the third week in October National Estate Planning Awareness Week. This means that in 2012, National Estate Planning Awareness Week falls on October 15 through 21.

NAEPC works with over 220+ local estate planning councils to educate its 25,000+ members on all areas of estate planning, including emphasizing a multi-disciplinary approach to estate planning involving all members of a client's financial advisory team, including attorneys, accountants, financial advisors, and life insurance agents. In addition, through its foundation known as The NAEPC Education Foundation, NAEPC has an ongoing commitment to promote financial awareness and literacy in estate and financial planning throughout the year, and in particular during the third full week in October.

As leaders in the financial and estate planning community, members of NAEPC have first-hand experience with the challenges Americans face with regard to saving, investing, and planning for their financial futures. For example:

  • The majority of Americans over 65 are totally dependent on their Social Security checks. With proper knowledge and planning, future generations can have a more secure retirement.

  • It is estimated that over 120 million Americans do not have an up-to-date estate plan to protect themselves and their families, making estate planning one of the most overlooked areas of personal financial management. With advance planning, issues such as guardianship of children, managing bill paying and assets in the event of sickness or disability, care of a special needs child, long-term care needs, and distribution of retirement assets can all be handled with sensitivity and care, a reasonable cost.

  • The majority of Americans lack the ability to adequately plan for their retirement. This can be changed immediately with knowledge and the right planning tools.

  • Many people mistakenly believe that since they aren't "rich" they do not need to do any financial and estate planning. Estate planning is not just for the wealthy and is important for everyone. This attitude can be financially harmful in the long-run and can be avoided with proactive action.

With these factors in mind, next week is the week that local estate planning councils will be offering programs to educate the public on the importance of initial estate planning as well as updating old estate plans as the years go by. A list of local estate planning councils can be found on the NAEPC website so that you can check for a program in your area, or if there is not a local estate planning council close to you, then make it a point this week to locate and meet with a qualified estate planning attorney in your area to discuss all of your estate planning needs.

And aside from programs at the local level, NAEPC and The NAEPC Education Foundation are presenting the following free live webinars for the public:

  • Monday, October 15, 1 p.m. EDT: Charitable Planning in an Uncertain World
  • Wednesday, October 17, at 12 p.m. EDT: Estate Planning Basics
  • Thursday, October 18, 1 p.m. EDT: Plan Now for 2013: Tax, Gift and Estate Planning Tips - What to Do Before December 31

You can sign up for these webinars by following this link: FREE Estate & Financial Planning Public Webinars During National Estate Planning Awareness Week

You can also visit The NAEPC Education Foundation's website called EstatePlanningAnwers.org for informative articles about estate planning, disability planning, long term care planning, estate and trust administration, and financial planning.

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