Having questions about estate planning is not unusual. It can be a complex process to complete with many important decisions to make along the way. One of the most common questions Ohio residents and those elsewhere have relates to how they should get started on the process. Fortunately, there are easy ways to get the ball rolling that can help individuals feel more confident as they create their estate plan.
One of the most important matters for most people is what will happen to their assets. In order to know what to do with them, they need to know what they have. As a result, taking inventory of assets is a great place to start. In some cases, individuals have forgotten about assets or may feel uncertain about whether anyone would want a particular asset. After doing an inventory, families can discuss whether any close loved ones want a specific item or if certain things can be given to charity or sold.
Of course, estate planning can involve less concrete planning as well, such as:
- Deciding the type of legacy a person wants to leave for future generations
- Compiling instructions on how hypothetical healthcare situations should be handled and who should handle them
- Thinking about what family members may need in the future
- Choosing someone to take care of minor children in the event that both parents pass or become incapacitated
Creating an estate plan can certainly be an emotional journey. However, it is one that can be rewarding and eye-opening for families. If Ohio resident feel ready to begin estate planning, they may want to remember that there are experienced attorneys available who could help them through the process from start to finish.