Archive for December, 2016

Plan for the unexpected

Monday, December 26th, 2016

We learned today that another celebrity died.  This one was very unexpected and it took everyone by surprise.  That can happen to us too!

So what can we do to plan for the unexpected?

We can make an appointment with our Estate Planning Attorney to find out what sort of plan we need.  Do we need a Will?  Should we have a Trust?  If we have a trust, are we sure that it is funded correctly?  Do we need to re-title our real estate and other assets so that the probate process can be minimized?  Do we want to make contributions to our favorite charity?  Do we have children or pets that we want to ensure are taken care of properly? (and no, the answers are not always the same for everyone)

These are all questions that should be asked and answered by a qualified Estate Planning attorney.

Remember that the Estate Plan is not for you, once you have passed away you are no longer worried about the details.  The Estate Plan is to help your family and loved ones carry on after you are gone.  This is the Plan of how you want your assets to be distributed after you are no longer able to handle these arrangements yourself.

If you have any questions or want more information about Estate Planning, please contact Beavers Law, P.C. at 757-234-4650 to schedule a consultation with one of our attorneys.