When you leave this Earth, you want to make sure -- to the best of your abilities -- that your loved ones are taken care of. While this typically means leaving them your assets and resources, in some cases, you might have to go farther than that.
You know what assets you want to leave to your children, but should you tell them exactly what they're going to get when you make your estate plan? Or is that something you should leave for them to find out after you pass away?
Planning an estate is a difficult process for a variety of reasons. Large groups of assets acquired over an entire lifetime must be assigned to people or organizations, and the emotional issues surrounding end-of-life planning can be unexpectedly hard. Fortunately, many options exist to give estate planners peace of mind.
It's hard to think about your child growing up without you -- but it could happen. A bad accident or sudden illness could claim your life and leave your child behind.
Are you worried about losing control of your estate after you leave it to your children? You worked hard for years to create your wealth. You'd like to think your heirs will use it wisely, but there is really just no way to know. You can't control how they use that wealth when you're not around.