Meeting with an estate planner is an important step in making sure your affairs are handled the way you want them to be after you’re gone. Too many people leave things unsettled before their death. Their children and spouses are left to handle everything without clear direction. When estate planning isn’t done, settling affairs takes longer because the courts get involved. They want to ensure everything is handled fairly, so things get dragged out. Relationships can also be tested if people have different visions of what should happen. Before meeting with an estate planning attorney, East New Brunswick, NJ, residents should ask these five questions.
How Do I Meet with an Estate Planner Attorney in East New Brunswick, NJ?
Don’t just settle for any attorney. Estate planning is a very personal, complex matter that needs to be handled with care. You need to find an estate planning attorney who knows what they’re doing. To find a qualified estate planning attorney, East New Brunswick, NJ, residents should find someone with a great track record who’s willing to listen to your concerns and find solutions. They’ll make time to be available and explain the process in simple terms so you are clear about what will happen.
How Much Flexibility Do I Want?
A key component when meeting with an estate planner is deciding how much flexibility you want in retirement, as well as how much flexibility you want to give beneficiaries after you’re gone. When talking to a good estate planning attorney, East New Brunswick, NJ, folks should discuss how different trust structures will affect flexibility for your assets.
Where are My Assets Located?
You need to know where your assets are located and why. If they need to stay in different states or even different countries, then your estate planning attorney will need to know. They’ll have to work with you to make sure things are positioned well for your estate.
How Old Do I Want My Children to Be to Get Assets?
A major estate planning issue is dealing with children and when trust funds mature. Some people want their kids to get money when they’re 18, others 25. It’s up to you to decide when meeting with an estate planner. You can choose a legal guardian to handle disbursing trust funds before children are old enough.
Sell or Keep Assets?
You may own real estate or businesses while you’re alive. What do you want to happen to them when you’re gone? Your children and family may not be as interested in actively managing the estate like you are. You need to know if you want to sell them now or risk your businesses dying.
For the best estate planning attorney, East New Brunswick, NJ, residents can turn to Bowne-Barry & Barry for help. We offer comprehensive estate planning no matter where your assets are and how complex your affairs are. If you are interested in estate planning, contact us today!