When you are planning your estate you do indeed need to prepare your assets for eventual transfer to your loved ones after your death. And, you need to to do it without losing anything in the process, and this is something that is easier said than done in many cases.
This is why it is important to retain the services of an experienced estate planning attorney who understands the tactics that can be employed to preserve your wealth and enable your legacy to be passed to your heirs intact for the most part.
However, if you want to be comprehensively prepared there are some additional things to consider. One of these would be the preferred handling of your body after your death. If you don’t let your family members know your preferences a couple of challenges present themselves.
For one, they will be forced to run around trying to make final arrangements at a time when they will be grieving and in no mood for it. And there are also sensitive details to be addressed, and family members can sometimes disagree. This can make a very difficult and emotional situation that much worse for all involved.
So, you may want to be proactive and state your wishes in this regard when you are drawing up your estate planning documents.
Simon Cowell, the sharp-tongued Brit who was a judge on the popular American Idol television program, has recently stated his intentions and they are interesting indeed. He wants his body to be cryonically frozen in the hope that someday the technology will exist to bring him back to life.
When he discusses this objective with his estate planning attorney, there will surely be a lot to take into consideration. And one wonders if his ability to evaluate musical talent will be as profitable to him in 2323 as it is at present, but…time will tell.
- Four Reasons to Steer Clear of DIY Wills - March 14, 2023
- Estate Planning: Keep It Simple - February 23, 2023
- Is In-Home Care for Elders Covered by Medicare? - February 7, 2023