{"id":6094,"date":"2017-02-10T09:00:29","date_gmt":"2017-02-10T09:00:29","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=6094"},"modified":"2017-02-10T09:00:29","modified_gmt":"2017-02-10T09:00:29","slug":"two-tasks-estate-planning-attorney-cannot-perform","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/","title":{"rendered":"TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM"},"content":{"rendered":"<p dir=\"LTR\" align=\"JUSTIFY\">By <a href=\"https:\/\/www.racinelaw.net\/attorneys\/nathan-palmer\">Nathan R. Palmer<\/a><\/p>\n<p dir=\"LTR\" align=\"JUSTIFY\">Most of our Idaho clients hire us to draft three basic estate planning documents: (1) a will or trust; (2) a power of attorney for health care; and (3) a power of attorney for financial affairs. Walking out of our office with those three documents does not necessarily mean your estate plan is complete. There are several additional tasks our clients likely need to perform after they leave our office. The two most common tasks include updating beneficiary designations on retirement accounts and life insurance contracts.<\/p>\n<p dir=\"LTR\" align=\"JUSTIFY\">As a general rule, individuals with retirement accounts (whether employer sponsored or not) must list beneficiaries to their accounts. Most individuals list their spouses as the primary beneficiary of their accounts and, if available as an option, list their children as contingent beneficiaries in equal shares. Most of our clients have not reviewed their beneficiary designations for several years \u2013 or even decades \u2013 and rarely think of doing the same. Unfortunately we see cases in which clients forget to update their beneficiary designations so their retirement accounts end up being distributed contrary to our clients\u2019 intentions. It is important to understand who you have designated as beneficiaries of your respective retirement accounts.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/\"  title=\"Continue Reading TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Nathan R. Palmer Most of our Idaho clients hire us to draft three basic estate planning documents: (1) a will or trust; (2) a power of attorney for health care; and (3) a power of attorney for financial affairs. Walking out of our office with those three documents does not necessarily mean your estate [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-6094","post","type-post","status-publish","format-standard","hentry","category-estate-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM|Raine Olson<\/title>\n<meta name=\"description\" content=\"By Nathan R. Palmer Most of our Idaho clients hire us to draft three basic estate planning documents: (1) a will or trust; (2) a power of attorney for &#8212; February 10, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM|Raine Olson\" \/>\n<meta name=\"twitter:description\" content=\"By Nathan R. Palmer Most of our Idaho clients hire us to draft three basic estate planning documents: (1) a will or trust; (2) a power of attorney for &#8212; February 10, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Racine Olson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM|Raine Olson","description":"By Nathan R. Palmer Most of our Idaho clients hire us to draft three basic estate planning documents: (1) a will or trust; (2) a power of attorney for &#8212; February 10, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/","twitter_card":"summary_large_image","twitter_title":"TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM|Raine Olson","twitter_description":"By Nathan R. Palmer Most of our Idaho clients hire us to draft three basic estate planning documents: (1) a will or trust; (2) a power of attorney for &#8212; February 10, 2017","twitter_misc":{"Written by":"Racine Olson","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/#article","isPartOf":{"@id":"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/"},"author":{"name":"Racine Olson","@id":"https:\/\/www.racinelaw.net\/blog\/#\/schema\/person\/aa8aa04699b3ee65fb6e3d91aaa6b2bd"},"headline":"TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM","datePublished":"2017-02-10T09:00:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/"},"wordCount":452,"articleSection":["Estate Planning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/","url":"https:\/\/www.racinelaw.net\/blog\/two-tasks-estate-planning-attorney-cannot-perform\/","name":"TWO TASKS YOUR ESTATE PLANNING ATTORNEY CANNOT PERFORM|Raine Olson","isPartOf":{"@id":"https:\/\/www.racinelaw.net\/blog\/#website"},"datePublished":"2017-02-10T09:00:29+00:00","author":{"@id":"https:\/\/www.racinelaw.net\/blog\/#\/schema\/person\/aa8aa04699b3ee65fb6e3d91aaa6b2bd"},"description":"By Nathan R. 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