When it comes to estate planning, most individuals aim to pass on the maximum possible wealth to their beneficiaries. Yet, attempting to achieve this goal without fully revealing all your assets to your estate planning attorney may undermine that very objective. Providing a comprehensive account of your assets is the surest way to enable your attorney to craft the most suitable estate plan tailored to your unique circumstances.

Comprehensive Planning

Providing a complete list of your assets ensures that your estate plan is comprehensive. Estate planning isn’t just about your financial accounts; it includes all your belongings, real estate, investments, retirement accounts, life insurance policies, business interests, and more. Failing to disclose assets can lead to incomplete planning and potential complications.

Your Wishes

To create an estate plan that aligns with your wishes, your attorney needs to know the full scope of your assets. This includes understanding how you want your assets distributed, who your beneficiaries are, and any specific conditions or instructions you want to include.

Avoiding Omissions

Not disclosing assets can lead to unintentional omissions from your estate plan. These omitted assets might not be distributed according to your intentions, potentially causing disputes, or leaving loved ones in financial uncertainty.

The information you share with your estate planning attorney is protected by attorney-client privilege, ensuring confidentiality. Being transparent about your assets is essential for creating a well-crafted estate plan that not only protects your legacy but also provides peace of mind for you and your loved ones.

Roth Elder Law, PLLC can help you craft a plan that aligns with your objectives. Call our office at 607-962-6162 or complete this intake form and we will be in touch to schedule a meeting.