Most people do not have a difficult time determining what they want to happen with their property and assets after they pass away. You know who you want to have your stuff. For this reason, some people decide that they can make their own estate plans. They purchase a Will from an online source and fill in the blanks. However, there is a problem with that line of thought: estate planning is not about who you want to have your stuff. Estate planning is about how to go about giving people your stuff.
There are many different ways to leave behind property for your heirs. The traditional method is a Will. Revocable Living Trusts are another popular option today. However, there are many more. How to give away your stuff is only limited by the law and the imagination of estate planning attorneys.
Because there are so many different options to leave property to your heirs, you should talk to an attorney about how to do it. Find out what the best option for you is. Choosing the right option for you can have dramatic consequences on your heirs. It can make the difference between getting the full inheritance you intended them to have difficult or simple.