In our prior blog post, we discussed the case of Robin Williams’ estate. His widow and his children are battling over certain aspects of his estate plan. The sad situation is a learning lesson for anyone who is following the case. We know that you don’t want to think about your loved ones going through the type of legal battle that the Williams heirs are going through. We can help you to create an estate plan that minimizes the chance of that happening.
When you create your estate plan, the general goal is likely threefold. You probably want to maximize the assets your loved ones receive while minimizing taxes, ensure your assets are distributed in accordance with your wishes, and reducing the chance of a probate battle. We can help you learn options that might make that possible.
It is important for you to understand that going through a probate battle can cost your loved ones money. It can make it take longer for your loved ones to receive the assets you want them to have. It can reduce the size of the estate because of fees and associated costs. Having a comprehensive, concise and legal estate plan can help your loved ones avoid those issues.
We can help you learn about what you need to consider when you are naming a personal representative. We can also help you to learn how wills and trusts can help you to set up your estate in a way that depicts your wishes.
Making an estate plan can give you peace of mind now. It can also give your heirs peace of mind after you pass away.