Reviewing Wills and Trusts with Family

Bar Association ApprovedOne of the blessings of the holidays is to visit family and friends that you don't get to see throughout the year. While it doesn't seem like an ideal topic, estate planning is very important and the holidays are a great opportunity to discuss and review wills and trusts with those you love.

Most people believe that estate planning is only for the wealthy. The truth is, when you or a member of your family die without a will or trust, it can leave assets to be divided and taxed according to federal and state laws. In other words, without estate planning, you don't get to decide how your assets will be distributed and who gets what – the government will step in to make those decisions for you.

It is wise to discuss your wishes in regards to health issues. Make those wishes official with an Advanced Health Care Directive (AHCD). An AHCD is a legal document that lets your physician, family and friends know your health care preferences and the special treatments you would like at the end of your life. Considering your end of life options early can help ensure the quality of life you've always wanted and helps your family know what medical decisions to make on your behalf.

An estate planning lawyer can be your resource for preparing the necessary documents. An estate planning lawyer can help you draft a simple will or change an existing will. Keep in mind that updates to wills or trusts are important too. If you already have a will or trust, it is advised to review it every four years or so. If there is a change in your marital status, if you have another child, change your residence, move, or if there is a change in the value of your assets, ask your estate planning lawyer for a review.

This holiday season, ensure the safe and proper distribution of your assets to members of your family. Attorney Search Network can provide you with a lawyer that can help assist you with wills and any concerns you have about allocating your estate. An estate planning lawyer can help you determine what your estate planning goals should be.

If you have any questions about the information provided above, please contact Attorney Search Network.

Contact Attorney Search Network for an Attorney Referral to an pre-screened Will and Trust Lawyer.

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