When you are discussing things with your attorney you may be asked questions that are somewhat sensitive. However, there is no room for secrets when you are drawing up an estate plan.
If you are not completely forthcoming problems can arise later, and the whole point of the exercise is to make sure that your wishes are carried out smoothly and efficiently. This can only be facilitated if you are totally honest with your lawyer.
People sometimes engage in relationships that they want to keep confidential. If someone was to emerge after you pass away revealing such a relationship and claiming an inheritance quite a difficult situation could ensue.
There are also individuals who have children from relationships outside of their marriage. This too is something that your attorney would have to know about if you are indeed in this situation.
Large gifts are another consideration. If you have given significant gifts throughout your lifetime the total is going to impact your unified gift/estate tax liability. Your attorney must know about large gifts to be able to advise you appropriately.
Any serious health problems are something that your attorney would need to know about as well. There are certain advanced techniques that may or may not be appropriate depending on your anticipated lifespan.
If you would like to speak with a professional about your own situation, take action right now to arrange for a confidential consultation with a Cleveland OH estate planning lawyer who is tightly focused on this particular area of the law.
- Preparing for Coronavirus - March 31, 2020
- Beneficiary Designations and Other Non-Probate Transfers - February 24, 2020
- Estate Planning Conference DiscussesSECURE Act and More - February 17, 2020