When I meet clients in the early stages of the planning process, they often tell me they have a “simple” situation. In other words, they don’t think they need to spend much money or dedicate much time to develop a plan outlining distribution of their assets and property.
We all wish the process was easy. Wouldn’t it be nice if our court-appointed executors were courteous and fair, if there was no resentment between beneficiaries, and if all estates could avoid probate?
That would be the ideal scenario, but it rarely happens by accident. Unfortunately, planning intelligently for the future requires thinking about contingencies. What do you know? What are the unknowns in your plan? More critically, what are the unknown unknowns? In other words, what don’t you know about what you don’t know?
After a thorough review of personal wishes, family, and assets, most people find their situations weren’t as straightforward as they first thought.
This isn’t to say that simple shouldn’t be the goal. But simple takes work. As Steve Jobs once observed: “Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it's worth it in the end because once you get there, you can move mountains.”
A qualified estate planning attorney can help you recognize your blind spots. Using a series of questions and engaging in a real conversation is the only way to dig into the various issues surrounding your estate.
You deserve to know exactly what’s going to happen to your family, your assets, and your property when you’re no longer around. A solid estate plan—that’s as simple as it needs to be, but no simpler—is the answer.
If you’re feeling confused or indecisive about your next steps, we can help. Call (954) 532-9447 and let us help you make an informed decision.
All My Best,
Horacio Sosa, Esq.