Estate Planning is something that many of us put off because it forces us to come face to face with our own immortality. Estate lawyers tell us that a large percentage of clients that come in for new wills never come back to execute these documents. I guess they think as long as they don’t sign the new wills they won’t ever die.
Estate planning often is defined more by what the wills don’t say versus what they do say. Families sometimes are upset when one sibling receives more than another. Was that intentional or just sloppy? Sometimes it is difficult to determine. Wills should reflect current desires but this happens only if we keep the documents reasonably up to date.
Who Should Prepare My Estate Documents?
We recommend our clients have estate documents prepared by specialists who have additional expertise in estate tax and probate matters. While your neighbor who is a litigation attorney can likely draft a will, our advice is to seek out competent specialized assistance. Estate tax lawyers come in all varieties and it is important to find someone where you can establish a good rapport. We often attend initial estate planning meetings with our clients to make certain that the ownership and structure of various assets is communicated properly.