Q: I feel overwhelmed by all the decisions I will need to make to create an estate plan. Where do I begin?

by | Sep 11, 2024 | Estate Planning, Q&A |

A: The two major types of decisions you will make in your estate are:

1) Who will you nominate to act as fiduciaries in your estate planning documents, and

2) How your assets will be distributed after you pass away

You can begin by thinking about whether you have family members or friends that you would like to nominate as a fiduciary, or whether a professional fiduciary might be a good fit for your estate plan. You can also think about who you want your assets to go to after you have passed and, if you have children, how long you would like your assets to stay in trust before being distributed directly to them. An experienced estate planning attorney can guide you through the decision-making process to create a plan that will work well for you and your family.