Communication and clarity important to estate planning

Many New York residents may feel intimidated by the idea of putting their final wishes down on paper. In fact, numerous people put off estate planning because they do not feel ready to take that step. However, it is important that adults plan sooner rather than later, and focusing on certain elements may help the process go more smoothly.

First, individuals may want to consider their estate planning journey as a way to open communication with loved ones. Individuals can discuss their wishes with applicable parties, such as spouse and children, and with people they plan to put in important roles, such as those they intend to act as executors or power of attorney agents. When family members are aware of the decisions being made, future confusion may be prevented.

Additionally, clarity can go a long way in conveying a person's intentions. Though the person creating the plan may feel that his or her intentions are clear, surviving loved ones may feel confused, and possibly even hurt, if the estate is divided in an unequal way. If the testator creates a personal statement or another document that explains his or her wishes, there may be less likelihood of conflict.

Of course, estate planning is a deeply personal endeavor. Fortunately, there are many planning tools that can allow New York residents to create their plans in a manner that suits their specific wishes. If parties are ready to start their own planning processes, they may wish to consult with experienced attorneys regarding their options for getting started.

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