It doesn’t matter what type of estate plan you have in place. It doesn’t matter how much time you put into creating a plan that you and your family are comfortable with. There are always going to be questions to answer as you get older.
Over the years, we have helped many people create and modify their estate plan. Those who stay on top of this, those who answer the tough questions, are always in a good position. Conversely, those who neglect to answer the right questions often find themselves dealing with a variety of concerns.
Here are several estate planning questions to address today:
- Are you comfortable with the estate plan you have created and how it will work upon your death?
- Have you discussed your estate plan with your loved ones, including your heirs?
- Would you be best suited to make a change to your plan now or in the near future?
- Is there anything you can adjust to ensure that your estate plan better suits you, your family, and your finances?
- When was the last time you reviewed your estate plan to determine if changes are necessary?
If you continue to avoid these questions, it could lead to trouble in the future. And unfortunately, this trouble is not always something you can address. Instead, the true issues come to light once you pass on. At that point, it is your heirs who are left to pick up the pieces.
Nobody wants to run into trouble with their estate plan, but for one reason or another many people find themselves in an unenviable position.
By answering the questions above, among others that are similar, you can avoid trouble now and in the future. This will give you and your family peace of mind, and there is nothing more important than that.
- The Questions of Estate Planning, Part 6: Why - January 6, 2020
- The Questions of Estate Planning, Part 5: How - January 2, 2020
- The Questions of Estate Planning, Part 4: Where - December 30, 2019
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