Last week, we looked at some tips to keep in mind when drafting a will. Today, we dig a litter deeper with additional considerations regarding how assets are owned, and how you may wish to leave certain assets behind.
Estate planning involves more than just choosing who will inherit your possessions when you pass away. Proper estate planning requires the selection of estate trustee, a power of attorney, legal guardians for minors and creating trusts.
Drafting a will involves considering our own mortality. Asking yourself what would happen if you passed away. It may be unsettling to think about what you leave behind - especially if you have children.
The details surrounding what is public information and what is private information during a civil litigation proceeding are not always clear. Some individuals may be afraid about what to divulge during their case, and other parties may use misinformation as intimidation.