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Should You Tell Your Family About Your Estate Plan?

Estate planning is one of the most important things you can do for your loved ones to ensure that the government won’t choose where your possessions go after you’ve passed on. Even more, it’s important to understand that those who haven’t created an estate plan yet can easily od so with help from an attorney in Raleigh NC.
Once you’ve decided to start an estate plan, met with an estate planning attorney in Raleigh NC and began the planning process, it’s often questionable about what happens next. Should you tell your family about the estate plan? Should the estate plan be kept a secret? How often should it be updated with new information?

Should I Keep It A Secret? | Estate Planning Attorney Raleigh NC

Your estate plan is a private matter that should be treated a serious matter. While it’s your choice on who you tell about it, it’s often good to tell close loved ones. It’s also a good idea to tell those that are going to be faced with your financials in the event of your death. You won’t have to disclose all information to them, but letting them know that there is a plan in place and that they’re a part of it might be best.
Keeping your estate plan a total secret among loved ones could cause a serious problem after you’re unable to deal with it or answer questions they might have. Many times, family members have questions like:

  • “Why was the estate plan done this way?”
  • “Why were those representatives chosen?”
  • “Why was a trust put in place?”

It's important to be up front with family but being honest with them is also difficult. While it will cut out any  confusion, frustration or challenges in the future, it's still you decision to tell them or not. And, as we mentioned above, telling loved ones about the estate plan doesn’t have to include your net worth or what beneficiaries will be receiving.
For more information on estate planning, be sure to visit back with us on our next post. Making sure you estate plan properly is important. Let our estate planning attorney in Raleigh NC help by offering tips.
Eldreth Law Firm | Estate Planning Attorney Raleigh NC
If you have any questions about estate planning feel free to contact Eldreth Law Firm, PLLC. Our estate planning attorney in Raleigh NC is here to help you with all your estate planning needs.

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