Angela C. Artherton

Caring and Client-Focused Advocacy

How can you craft a successful estate plan?

On Behalf of | Dec 20, 2022 | Estate Planning

When you start out on your journey to building your estate plan, it may seem like a huge amount of work.

Knowing the proper steps to take to ensure a successful estate plan can take a lot of the stress out of the situation. But what exactly are these steps?

Understand the estate plan

Forbes discusses numerous tips for ensuring success in an estate plan. First, understand the plan basics. When you strike out toward making your estate plan, you need to understand not only the basics of estate planning but also the basics of what you want out of yours.

For example, do you want to leave your loved ones your assets with as little hassle as possible? You should look into incorporating a trust fund into your plans, then. Do you want certain assets to go to charity? You can craft your will or build trusts in a way that allows for this.

Simplify, organize and prepare

To that end, once you have the basics down, know how to organize, simplify and prepare your plan for execution. This is where it comes in handy to have legal representation working with you. They understand estate planning law inside and out and can help you craft a plan that suits your needs without any complex, unnecessary additions.

Expect the unexpected

Finally, don’t forget to expect the unexpected. Family conflicts happen even in the face of the most well-crafted estate plan. Mistakes in the structuring may occur. Know how to roll with the punches and have emergency plans for how to deal with surprise situations that may come up.