Creating an estate plan can be a challenge for many people. This isn’t because it is a hard thing to do. It is because it can be difficult to decide who gets what. You don’t want your heirs to think that you are favoring one person over another, but you want to make sure that everything you are handing down is handled responsibly.
One thing that you need to remember when you are setting up your estate plan is that you can use trusts to outline conditions of distribution. This can help you ensure that your heirs are getting what you leave to them at a time when they are more likely to use it wisely. We can help you to explore what options you have for doing this.
While your primary goal might be to dole out assets as you desire, another goal is likely going to be to reduce the chance that your loved ones will fight over things when you are gone. Having an estate plan that is clear and properly executed can avert this. We will work with you to ensure that you take the necessary steps to protect your heirs and assets.
Because you probably want to make things as easy as possible for your heirs, you can include more than just the plan for distributing assets in your estate plan. This can include setting up powers of attorney for your finances and health care, as well as getting advance directives and a living will in place. Doing what you feel is best for your circumstances can give you peace of mind.