Many people believe that the most important benefit of estate planning is the peace of mind they feel which allows them to sleep at night. We know that if you have your estate planning questions answered, you will feel peace of mind. So, we’re providing answers to questions our estate planning clients have felt were important.
Will my children be okay if something happens to me?
Rest assured that during the estate planning process, we will analyze your need for life insurance for your children’s needs and select guardians.
Guardians will be chosen to care for your children should you become disabled and when you die.
In addition, we will name first responders (short term guardians) who are authorized to stay with your children until guardians arrive.
We will also discuss writing love letters to your children and leaving each child a sentimental gift.
I have two brothers, who shall I select to be my trustee?
The characteristics of the ideal trustee are someone who cares about you, is highly organized, an excellent record keeper, and an effective communicator.
If only one of your brothers fits the bill, select that brother. If neither are appropriate, we can help you to choose another trustee.
If they both are qualified, you can appoint them to serve together or you can appoint one as the initial trustee and the second as a successor trustee.
I’m not sure that I want to be an organ donor. What should I do?
Being an organ donor is a very personal decision. If you’re concerned that your death will be hastened or that your body will not be fit for an open casket ceremony, don’t be.
Medical personnel will always do whatever they can to save your life. They have an innate ethical, medical, and legal duty to do so.
In addition, organs are harvested in a respectful method that allows for an open casket ceremony.
It might help you to know that there are over 100,000 people on the organ donation list and each will die if a needed organ is not received. You can save eight lives by being an organ donor.
If you have more estate planning questions, please read parts 2 and 3 of this series and consult with a qualified estate planning attorney.
- Low-Interest Loans: An Estate Planning Technique - June 23, 2020
- Irrevocable Medicaid Trusts - June 16, 2020
- Uncompensated Transfers - June 9, 2020
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