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Most Recent Articles
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- Estate Planning 101
Estate planning is planning to ensure that your final property and health care wishes are honored and that loved ones are provided for in your absence. The estate planning process should begin with you explaining to your attorney what you want to happen to your assets during your lifetime and at your death, then exploring the different options in which to accomplish your goals.
During your initial consultation with an attorney, you may be asked to complete a questionnaire in which you list in detail your assets and describe your family structure. You should be prepared before you consult with your attorney because your estate plan is not a one size fits all type of product. You are in control of the way your assets are distributed and the family members or loved ones who will receive your property. Be sure to discuss your goals with your attorney. If your attorney does not know what is important to you, he or she will not be able to establish an estate plan that accomplishes your goals. Two areas are key when developing your estate plan: 1) preparation and 2) communication.
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