350 Old Country Road, Suite 205, Garden City, NY 11530
877-791-8076 / StoberLaw.com
A well
thought out estate plan can eliminate issues among your loved ones. With careful planning, you can avoid family
fighting and estrangement. Here are a
few estate planning tips to keep in mind.
Estate
Planning Tips:
- Don’t Keep It A Secret – It’s a difficult topic to discuss, but you should let your family know what they can expect before you pass away. This avoids unpleasant surprises.
- Define Terms – You may want to expand the definition of “descendant” to encompass modern methods of conception. Modern methods, including in-vitro fertilization, surrogate mothers, adopted children, and non-biological children should be specified in legal documents.
- Consider Trust Protectors – A trust protector is a fiduciary, separate from the trustee. They have the power to remove and replace a trustee, to amend trust agreement and to change the situs of the trust.
- Inform Beneficiaries – Don’t leave your beneficiaries in the dark. All beneficiaries are entilted to a copy of the trust agreement.
- Make Edits – It is ok – and even encouraged - to make estate planning adjustments along the way. Circumstances change over time and you want your estate plan to be current and complete.
Check
out this article
for more estate planning tips.
Law Offices of Louis D. Stober Jr. are
experienced in estate planning. Our experience, combined with our
successful track record makes us Long Island’s premier law firm. Contact
our office for a consultation by calling 877-791-8076. You can also like
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