It is hard enough for many people to communicate with an estate planning attorney when they know that they need to take action on this issue, so expecting Nevada residents to communicate with family members as well can seem like a lot to ask. However, as a recent article noted, communication is crucial when it comes to estate planning. Why? Well, the article pointed to a number of reasons.
For starters, communicating with family members about an estate plan can help people come to the realization that they need to work on their relationships. Some people need to develop stronger ties to the people who will inherit their assets, or they may need to reconcile when relationships have gone bad. Doing so during the estate planning process can help.
The article noted that it is also important to share your plans with the people who will be affected by them. Explaining your decisions as to what assets go where, who inherits what and why, can all help when the time comes for the estate plan to be implemented by those family members and friends.
In the end, the estate planning process will be unique for everyone, as each person has different family and financial dynamics to consider. There are, after all, quite a few estate planning options for Nevada residents to consider. But, while you may spend quite a bit of time going over estate planning options with an attorney, don’t forget to communicate with the very people whose names are in those estate planning documents.