${site.data.firmName}${SEMFirmNameAlt}
Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

Estate planning sometimes overlooked

Many people in Delaware focus a lot more of their attention on their retirement plan than they do on their estate plan. Although few people enjoy thinking about what will happen after they die, it is important for Delaware residents to plan how their property and affairs will be handled for the sake of their children and other beneficiaries.

A will is an important estate planning document, but it is not sufficient on its own. To create a comprehensive estate plan, an individual should leave specific instructions to the executor who is named in the will and set up financial trusts for their beneficiaries. It is also important for a person to create legal documents that will provide guidance about their wishes concerning end-of-life medical care should they be unable to voice them when the time comes.

During this process, updating the beneficiary designations on retirement and other financial accounts is a crucial step. This is important because these designations will in most cases preempt contrary provisions in a will. People who own businesses or have wishes for the distribution of their assets that are not straightforward may also want to give extra attention to their estate plan. With no comprehensive plan in place, the results can often be a disaster for a person's heirs.

By the time someone reaches retirement age, there could be many factors in their life that have complicated their original wishes. An attorney may be able to help clients sort through their affairs to determine the best possible solutions for transferring their assets to their beneficiaries. With valid and complete estate planning documents, the risks of conflict and delays after death can be minimized in many cases.

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us