Hi, my name is Kirsten Krueger and two years ago, I was in a car accident. I was stopped at a stop sign when the driver behind me slammed into my car. Due to my injuries, I had to spend a few days in the hospital and I was unable to work for two months. My medical care was expensive and without being able to work, I couldn't pay my bills. The car accident was stressful enough and then I had to worry about how I would pay my bills. After speaking with a car accident lawyer, it wasn't long before I was compensated for my medical bills and lost wages from work. I'm writing this blog to help others who have been a car accident and haven't received any compensation. As you read my posts, you'll learn how an attorney can help you if you're in a vehicle accident.
Before you begin working on your estate plan, you want to make sure you have the right counsel available to you. An estate lawyer can be your best help when it comes to providing a clear estate plan. At the end of your meeting with your lawyer, you should leave feeling confident and that there are no loop holes in your plan. It can be very difficult to hand over control of your estate plan, but rest assured, a good estate lawyer knows how to word it all so that you get exactly what you want. It is important to develop a relationship with your estate lawyer, especially if you think you may need to make changes later. If you are not sure where to start in the process, consider these tips before you begin creating an estate plan.
Avoid Over Use of Legal Jargon
One of the first ways to make the estate planning process more purposeful is by creating a will that makes sense to everyone. There is no point in using a bunch of legal jargon that makes no sense to your family. If you want them to feel confident that everything is being handled right, you need to make it sensible. Of course, the will should have enough in it that it can stand up in court, but with the help of a good estate planner, you can ensure that your will outlines everything for them to know and for your family to know when the time comes to need it.
Keep Restrictions at a Minimum
When it comes time to create your estate plan, you need to think about what your beneficiaries will think and feel during the time that the plan takes place. If you start adding a bunch of restrictions to the plan, it can get complicated quickly. You can avoid this by keeping any restrictions to a minimum. Of course, you want them to be able to do for themselves without your help, but putting off their inheritance until they are 60 years old, does not make sense.
Create Life Experiences
If you are concerned that the money is going to cause problems with your children and make them spoiled, you can choose a different path for the money. Instead of just handing it over, you can use it to fund certain life experiences for them. Going on a missions trip or studying abroad can prove to be educational and rewarding experiences for anyone. You can put money aside specifically for these experiences.
For more information, contact a professional estate planning attorney like those at Brandt & Beeson PC.
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