When you go to an estate planning consultation your attorney is obviously going to be making recommendations to you. However, it is by no means a one-way street.
Your attorney will help you reach your estate planning goals, but not everyone has the same objectives. It is up to you to articulate them during the initial consultation, so you should give the matter some thought.
You have a lot of options when you are planning your estate. There is no particular reason why you have to arrange for everyone on your inheritance list to receive a lump sum of money all at once.
There are those who are concerned about the money management ability of someone who will be receiving an inheritance. If one of your goals is to prevent this individual from burning through his or her inheritance too quickly share this goal with your attorney. To satisfy this objective you may want to consider the creation of a spendthrift trust.
Another possible goal that you may have would be to make sure that children from a previous marriage receive inheritances. Some people want to give to charity, while others want to finance the education of young family members.
If you make sure that your attorney understands what you want to accomplish he or she will be able to map out a strategy that ensures the fruition of your final wishes. Prepare a list of goals before your consultation and communicate openly and honestly with your attorney and you will ultimately go forward with an estate plan that accurately reflects your wishes.
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