Ronald Fatoullah & Associates - Elder Law

Your estate plan is a tool for your loved ones

Estate planning is a critical component of any adult's life plan. You shouldn't ever think that you have plenty of time to get this all on paper. The reality is that nobody knows when tragedy might strike. Unlike what many people think, crafting your estate plan doesn't have to be a difficult endeavor. For some, thinking about their loved ones' needs after they pass away is the most difficult aspect of this.

It might help if you think of your estate plan as a tool to care for your loved ones when they are reeling from your death. This is your chance to help them even though you won't be able to be there with them. The easiest way that you can do this is to have everything spelled out clearly for them.

We know that you might have questions about how you are going to do this. We are here to help you get the will and other aspects set so that you are able to get things how you want them. One thing that can help here is if you take an inventory of what you need to pass down to others. Determine whether these can be handled in the will or trusts.

Remember that some items, such as the funeral plans, shouldn't be included in the estate plan itself. Instead, use a letter of instruction for these plans so that your loved ones have immediate access to them. In this letter, you can also include things like login information and similar aspects so that you can show them where to find your accounts.

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