Drafting a comprehensive estate plan can be a difficult task when faced with numerous options and a large estate. The process can, however, be made simpler by divvying up your end-of-life duties among your children.
Your estate plan essentially takes care of tying up all the loose ends left over after your death. It is a tool used to make sure that your property, health care and estate is properly handled in the event you become incapacitated or pass away. And while these tasks can be outlined in an estate plan, actually carrying them out is a completely different matter.
Working with an attorney can help you identify the best way to divide your estate plan duties among your loved ones. Giving each child a responsibility when it comes to carrying out your final wishes may not only alleviate the stress involved in carrying out your end-of-life wishes but may also help to avoid any hurt feelings associated with naming just one person responsible.
Designating someone to be in charge of financial affairs, funeral arrangements and probate issues is a good way to tie the estate plan together and keep your loved ones involved. Depending on the complexity and size of your state, your estate plan may be quite involved. Not only can you keep the process running smoothly by delegating duties to your family members, but you may be able to avoid the most common mistakes made during the estate planning process.
When drafting your estate plan, you may be able to better outline your wishes with the help and advice of an experienced legal professional. With their help, you can draft a comprehensive and effective estate plan that implements the aid of all of your loved ones and keeps your end-of-life wishes on task and manageable.