Estate planning isn’t simply about creating and signing a will. You’ll need to consider your current circumstances, potential future plans, and what your final wishes are. With a solid estate plan, you can ensure that your family won’t have to deal with financial or legal issues at the same time as they’re grieving your passing.
If you have a lot of assets or properties overseas, as well as business or financial investments, your estate plan may be more complex than that of somebody with small-value assets and fewer beneficiaries to consider. That being said, everybody should make it clear how they want their estate to be managed and preserved after they die, regardless of how wealthy they are. You might include some of the following in your estate plan:
You should regularly review your estate and planning as and when there is a change to your circumstances, or you acquire an asset of significant value. Our estate planning lawyers will be able to give you advice on your options and ensure your estate plan reflects any state- or country-wide legal or regulatory changes.
In an ideal world, everything would go smoothly and exactly as you’ve planned it. Unfortunately, wills and estate plans can often be challenged because there are so many people involved in them. By consulting a probate dispute lawyer while you’re putting your estate plan together, you can receive advice to help you understand the rights and options that your executor and beneficiaries have after you’ve gone. You can play a part in helping to reduce the stress on your friends and family at what will be an emotionally charged time in their lives.
Estate dispute lawyers are often employed to solicit advice and represent people in court regarding various disputes, which can include:
Don’t forget that we offer a FREE 15-minute consultation so you can be sure that your wishes are carried out in any eventuality and your family is well looked after when you die. So get in touch with our team at Velocity Legal today!
This podcast in no way constitutes legal advice. It is general in nature and is the opinion of the author only. You should seek legal advice tailored to your individual circumstances before acting on anything related to this podcast.
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