The exact estate plan that you need to work on depends on the factors of your life. Just last week, we discussed why you need to think about making a succession plan if you have a business. This is one of the less common things that come into the picture when you are planning an estate.
We can help you to evaluate the possible ways that you can set up your estate. We will discuss your goals with you. It is a good idea to start your thinking with the days that lead up to your death. This enables you to make plans for who will make medical decisions for you, what kinds of medical care you want and who is going to make financial decisions for you. All of these have a big impact on your final days on Earth.
From there, we need to think about what is going to happen when you die. You need to make plans for your assets and any businesses you own. A will and trusts can work together to outline these wishes. You have to make sure that these are clearly laid out so that there aren’t any questions remaining about what you want.
We understand that some estate plans are challenging. We can help you work through one issue at a time until we get them all resolved for you. Once this is done the first time, you should review the plan periodically to ensure your wishes are the same. If something needs to be changed, we can work with you to get that done.