Once you have estate planning documents place, make sure you read them fully from time to time to digest the terms of your documents. Let all your agents/fiduciaries/executors know, as well, so they will be prepared when they need to step in to assist you or process your estate.
Review a few paragraphs at a time and make sure it captures your intent. Draw out a flow chart of what assets you have and, if everything goes according to the written plan, where your assets would end up. If that's all too confusing, invest in a meeting with your estate planning attorney to do it with you. If you don't like the result, work with your attorney to update your plan. Estate plans, like lives in general, are not static and need regular tweaking to meet our goals. Life changes, laws change, assets change, relationships change, so make sure your plan changes as well.
We love to educate our clients about the options and techniques available to them as well as how trusts and estates work. See some of our answers to frequently asked questions and common misconceptions on our website. For assistance with Spokane and Washington state wills, trusts, probate, trust administration, and business formation and succession, contact Megan Lewis Law, PLLC.
Megan M. Lewis