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Difficult Estate Planning Questions

Why is estate planning so difficult for some people? Among other things, because it forces us to acknowledge that we may become demented; decide who gets what after we pass away; and make provisions for end of life care.

Do you have an Estate Plan?  If so, have you updated it lately? Some Estate Planning questions may make you uneasy now, but rest assured they can help you be prepared for the future.

A recent article in Forbes, titled 12 Estate Planning Questions That Might Make You Squirm, offered 12 questions to ask yourself.

Here they are:

  1. Who will raise your minor children if both parents die?
  2. What if you all die in a common disaster?
  3. Are there any other descendants you haven’t yet mentioned?
  4. Have you told me about all the important relationships in your life?
  5. Do you have any genetic material on ice?
  6. Have you ever made large gifts to others?
  7. Who is going to take care of your pets?
  8. When do you want the plug pulled?
  9. What are your passwords, usernames and security questions?
  10. Did you enter into a prenuptial or postnuptial agreement or did you sign a community property agreement?
  11. Have you had any serious or chronic health issues?
  12. Are you a transgender?

Not all of these questions may apply to you. The point is to make a sober self-assessment of your current estate planning goals. Ask yourself the tough questions now, even if they make you a bit uneasy. An experienced estate planning attorney can help you through this process and perhaps even reveal some “blind spots” of which you were unaware. 

You can learn more about estate planning and elder law issues on our website. Be sure to sign up for our complimentary e-newsletter to stay abreast of issues like these that could affect you, your loved ones and your estate planning.

Reference: Forbes (July 24, 2012) “12 Estate Planning Questions That Might Make You Squirm

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Coronavirus/Covid-19
Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.