A Last Will and Testament is a crucial element of any good estate plan. Depending on your goals, an estate planning Attorney may recommend using other tools such as Trusts, pass-through entities and/or life insurance to accomplish your estate planning goals.
It is important to think about your goals for your estate plan. What are you trying to accomplish or avoicd? For some people, most important considerations are:
- Passing property to intended beneficiaries. If the Testator, the person writing the Will, intends to make specific bequests of certain items or sums of money to be left to particular people or organizations, a good Will and/or Trust (or sometimes both in concert with one another) can ensure that this goal is met.
- Some folks aim to prevent and alleviate the burdens of surviving family members by not leaving decisions to be made at an emotional time. A good estate plan is like a road map, explaining where to dispose of the assets of your estate, with clear instruction. Absent clear instructions laid out by a good estate plan, families may end up litigating issues that could have been avoided were their intentions laid out clearly.
- Some people are most concerned about protecting their estate assets from unintended recipients. Family conflict, divorces, second or third marriages, stepchildren and the like are often overlooked without any regard for estate planning consequences. Without a proper estate plan, there may be a chance that someone unintended may be the beneficiary of your assets.
Many parents are concerned most about nominating a guardian for their minor children in the event of their demise. This is particularly relevant to those with younger children. A properly executed estate plan will make it clear to the Court whom the parents would want chosen in the event that they both passed.
Choosing the Right Estate Planning Attorney
Thoughtfulness, experience and attention to detail are critical when deciding how to move forward with your estate plan. The Attorneys at Morneau Law understand the importance of establishing such documents and what questions to ask to help you articulate your goals. We are committed to helping each individual tailor an estate plan addressing their specific circumstances and wishes for both end of life treatment and disposition of your estate once you’ve passed.
Contact Morneau Law
Morneau Law typically offers estate planning consultations, and has packages that fit your budget and help you to meet your goals. We provide a highly personalized legal experience in a timely and cost-efficient manner. We will evaluate your needs and recommend the best estate planning package for you. Call us today so we can set up a consultation to learn how we can help you.