Address All Issues In Your Estate Planning
In order for your estate planning to go well, you will need the guidance of a real estate planning lawyer. He or she will have the right knowledge to decide how your property and wealth will be handled and distributed. Also, having a lawyer ensures that all the following issues will be addressed.
- Asset distribution – Let your lawyer help draft your will, a document, which states how your assets will be divided among your dependents. Having a clear will prevent your loved ones from fighting each other as they claim to have a much bigger portion than the other.
- Guardianship of dependents – In case you have relatives or dependents with special needs, mental illness or physical illness, deciding on who will take care of them assures that they would be well taken care of in case of your departure. Appoint a guardian whom you know would be responsible and caring.
- Charitable giving – You can also ask a lawyer to designate assets that you will donate to charity. When you let a lawyer do this, you are assured that the donations are made according to your specific instructions.