DES MOINES, Iowa — Tax season is a good time to consider individual and family legal needs and make sure that wills, directives and other estate and tax-planning matters are in order, according to ARAG®, a global leader of legal insurance.
“It’s often said, the only things certain in life are death and taxes, and for people who feverishly work to meet the April 15 federal tax deadline, both certainties seem equally appealing,” says Jim Barone, JD, Senior Vice President at ARAG.
To deal with the complexities and confusion of tax preparation, Barone suggests looking to reputable sources, including the Internal Revenue Service (www.IRS.gov) for helpful information on filing, errors to avoid and specific filing situations for taxpayers.
“Despite a heightened awareness of financial matters at this time of year,” says Barone, “Many people don’t have a strong sense of urgency about long-range planning for legal and financial matters that affect them and loved ones. Legal and financial issues are inextricably intertwined. So, why not take the time this tax season to ensure you’ve done the right planning for 2010 and beyond?”
Barone says, “People have many types of financial needs and concerns, and since the future is uncertain, it’s important to address estate, tax and legal-related matters, sooner rather than later. Among the legal documents that people need to have are a properly-executed durable power of attorney, a will and a living will or advance health care directive.”
ARAG (www.ARAGgroup.com), which has an international premium base of almost $2 billion, protects 15.5 million individuals and their families — worldwide. ARAG offers comprehensive legal plans that provide a smart and trusted path for resolving legal issues. This enables people to protect their families, finances and futures.
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