Estate plans can ensure that a person’s assets are distributed according to their wishes in the event of disability or death. However, to accomplish goals, one must have an effective plan. Readers can visit the website below to find several tips on creating a solid, efficient estate plan.
Hire an Estate Planning Lawyer
Estate planning is a rather complex area of law, and an estate planning attorney in Kailua-Kona, HI must spend a great deal of time on training and continuing education. A general lawyer isn’t usually up-to-date on legal aspects that can affect a family, and they’re typically not equipped to provide a comprehensive, customized estate plan. However, Goodsill is ready and able to answer one’s estate planning questions.
Be Honest and Open with the Attorney
An estate planning attorney can help the client only if that person tells the truth about their assets, finances, and family status. Clients should remember that anything they tell the estate planning lawyer is kept strictly confidential.
Talk to Loved Ones
As much as is possible, clients should talk to their families about the estate planning process. As long as the family’s dynamics allow it, they should be aware that an estate plan is being made and what should be expected from this plan.
Ask Before Appointing a Fiduciary
Before naming a relative as a trustee; child guardian; executor; or estate planning assistant, one should talk to that person to ensure that they’re willing and able to act in that capacity.
Update the Estate Plan Regularly
It is very important to update an estate plan to reflect one’s current wishes. As long as there haven’t been any life-altering events, one should re-evaluate the plan every two years. However, a relocation, birth, death, marriage, or divorce should always bring about a review of the plan to ensure that one’s goals are still attainable.
Many people approach estate planning with a degree of reluctance because it forces them to think of their own mortality. However, it shouldn’t be overlooked, even by those with small estates. If one has questions about the process, they should call an estate law attorney in Kailua-Kona, HI for legal advice and honest answers. Visit the website of for more information.
