Estate planning is an opportunity to reduce uncertainty, record intentions and prepare those who will administer an estate.
A will can record how a person wishes their estate to be administered and distributed, but it needs to be prepared and executed with the applicable legal requirements in mind.
Effective planning also means keeping a reliable asset record and considering the practical responsibilities placed on an executor.
Review as circumstances change
Major family, property or business changes can affect an existing plan. Periodic review helps keep documents aligned with current intentions and circumstances.
Legal notice: This article provides general information only. It is not legal advice and does not create an advocate-client relationship.