Estate Planning Questions: You Need To Address All Issues-Not Just The Easy Ones
The goal of estate planning is to give you peace of mind in knowing that you have taken care of the necessary legal documents to make things easier for you, your family and your loved one in the event you get sick and/or pass away. Sometimes, you have to address some difficult issues.
Are There Any Descendants You Have Not Mentioned?For some of these questions, you may be the only living person who does know the truth, so be honest and upfront with your estate-planning attorney at the very least, and there won't be any uncomfortable surprises when you're gone.
Are there any descendants you haven't mentioned? Undisclosed beneficiaries raise some difficult issues in planning, but even more so if they become disclosed at a funeral or during probate. Be sure and give your estate attorney a heads up as to who may have legitimate claims to property or assets, even if it's not a widely known fact. You don't have to necessarily leave them any gifts from your Estate; however, you do need to mention them in your estate planning documents even if you decide to leave them nothing.
Have You Disclosed All The Important Relationships In Your Life?Your estate attorney is there to make sure there are no loose ends after your passing, so help him or her out. If you had a previous marriage, domestic partnership, or civil union, disclose it now to avoid lawsuits and court battles over assets later.