Technically, you don’t need to do anything to prepare for a meeting with an attorney for estate planning. It is more than many people take only having taken the step to set up a meeting, and you should be proud and secure in your decision to move forward with responsible financial growth. Leaving their properties in disarray is one of the worst things that a person can do to their heirs. It contributes more often than not to infighting, bitterness, and family conflicts that can linger for a long time. By making particular arrangements ahead of time, you will stop all of that. Although you may think through your lawyer about clear decisions, here are some things you might want to consider before your meeting.If you wish to learn more about this, visit Amicus Law Firm – Elder Law Attorney Logan.
One of the first things you need to worry about if you have children under the age of 18 is who will serve as their guardian should you be unable to. This is not thought about by too many parents, and it can have dire consequences for the infant. You don’t want your child to end up as a state guard, pass through foster homes, and once you’re gone, live a very dysfunctional life. The idea of planning for the worst does not please anyone, however you can do so. Until meeting with your estate planning attorney, think about who will take care of your children, as this is one decision he will be unable to support you with.
If you were ever going to get to the point that you couldn’t cope with your own finances, who would you want to take care of them? Some feel comfortable entrusting an estate planning attorney or another expert in the field of financial management. Others want a parent to have authority turned over. This is up to you, so you need to think about it as another important thing. When you have a safe and enjoying life, contemplating such an impossible possibility seems almost ludicrous. Yet all the time it happens. When you are of sound mind, make plans.
Heirs of yours
After you have died, what will become of your wealth, assets and property? It is of little interest to those who have none of these things (and there are probably more than a few people who can say this). But if you have property investments and ownership, you need to know who’s going to receive it should you pass away. This is something that you can speak to an estate planning attorney about, but it’s a decision that you’ll finally have to make on your own.