Maybe coming up with your estate plan will be easy. Perhaps you only have a few special things you know for sure you want to pass on to children, relatives or friends. But, many times, deciding who gets what, is a major headache. When creating an estate plan, designing your will and listing your bequests, the possibilities are endless. If you know what can get passed on and how to do it, the estate planning headache may be avoided.
Aside from actually choosing who received cash, property and heirlooms, the distribution of those assets is relatively simple. However, identifying other possible assets and making arrangements for pets may be a bit more difficult. With the help of a skilled estate attorney, taking the necessary steps to ensure all your belonging make it into the hands you want them to, can be made much easier.
Our beloved pets are not just companions, very often they are family, and finding them a home after you're gone can be an agonizing decision. Leaving a trusted friend with your pup and the money to take care of him doesn't necessarily mean he will. Thankfully, most states offer pet trusts. These one liner additions to your will ensure probate court enforces the provisions of your pet's well-being.
What about vacation homes or airline miles? If you don't know how to distribute these things, or even if you can, your decisions can lead to probate court taking forever, and potential family arguments down the road. Like adding a pet trust onto your will, an estate attorney can help identify these types of passable assets, and bequest them in a way that avoids argument later. Choosing to give your record collection to your nephew may be an easy choice, but gifting all the other things you hold dear without causing rifts, may be made easier with the help of an attorney.