What Does a Good Estate Plan Look Like? | Part 1 of a 10 Part Series | Good Estate Planning Involves a Lot More than Deciding Who Gets What

ByKevin Walsh, Esq

Good estate planning involves a lot more than deciding who gets what. The Living Trust Source, powered by InSource Law LLC, recommends that you consider the following when creating or updating your estate plan:

  • Instructions for your care if you become incapacitated
  • Instructions for passing your values
  • Specific provisions for loved ones who might be irresponsible with money or who may need future protection from creditors
  • Protection for your loved one’s inheritance in case of divorce
  • Naming the proper beneficiary of life insurance proceeds and retirement accounts
  • Instructions for the transfer of your business at your retirement, disability, or death
  • Naming a guardian and an inheritance manager for minor or handicapped children
  • Provisions for family members with special needs without disrupting government benefits

The Living Trust Source, powered by 1Source Law LLC, encourages everyone to protect their heirs with comprehensive and up to date trust documents.

 

Kevin Walsh

Lead Attorney & Owner

1Source Law LLC

 

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