Gregory Bowser Asset Management Services: Estate Planning Requires Regular Revision

NEW YORK, NY, August 22, 2012

Parents take great pride in being able to plan for the financial future of their children, leaving behind wills or even establishing trusts to ensure that their kids are taken care of in the event of a tragic passing. These financial plans are meant to provide financial security and solidarity, but, in some cases, they lead only to family tumult. A recent news story highlights one family that has been torn asunder thanks to less-than-clear financial documents--and according to Gregory Bowser Asset Management Services, the family's plight goes a long way toward showing why financial plans require regular revision.

The story is that of the affluent Tweten family, which has been ripped apart and even dragged into legal action over a trust that the late Mrs. Tweten left behind. A judge recently ruled that the sum of the trust, some $100 million, will go to Mrs. Tweten's widower, despite protests from the couple's two daughters, who say that half of the money is rightfully theirs. The daughters say that the provisions of the trust were established under estate tax laws that are no longer in place, and that denying them their half of the fund is denying their mother's true intentions.

This prickly case has won the attention of Gregory Bowser Asset Management Services, a Maryland firm that specializes in retirement and estate planning. According to Bowser, the case of the Twetens underscores the importance of regularly revising one's financial documents and wills, particularly as laws and regulations change. Gregory Bowser Asset Management Services has responded to the report with a new statement to the press.

"Even the best laid estate plans should be reviewed routinely," says Gregory Boswer in his press statement. "There are many horror stories of having the incorrect beneficiaries and legal challenges to the estate. Whenever there is money involved, there is potential for conflict."

Bowser concludes by noting that the Tweten family is a prime example of the importance of planning--and of revision. "A carefully planned estate can minimize the risk of family feud for inheritances," he confirms. "The Tweten family illustrates the importance of reviewing and revising the estate plan periodically."

Gregory Bowser Asset Management Services also provides more general financial services, in addition to retirement, estate, and legacy planning options.

ABOUT:

Gregory Bowser of Asset Management Services provides clients with a comprehensive suite of financial planning strategies. These services include financial planning, holistic retirement services, investment planning, estate planning, Social Security planning, legacy planning, and more. Mr. Bowser has served as a fee-based planner, helping families throughout the community invest for retirement, for more than two decades. His experience has proven invaluable in guiding retirees through uncertain and tumultuous times, ultimately helping them to enjoy comfortable and secure retirements.

Gregory Bowser and the Asset Management Services team can be contacted at (410)538-6800, gbowser@asset-management-services.com, or via the company's website, at www.asset-management-services.com. The company is zealous to hear from those who want to learn more about its conservative approach to retirement planning.