Estate Planning ... What to Expect ...Communication is the Key
In the last article using Confluence Law Center's approach as a model we brought you to the finishline. You have
your finalized Estate Plan Portfolio. What happens next?
You need to inform various persons and institutions of the authorities you have granted and to whom so that they may rely on those instruments to communicate and work with the persons you have appointed on your behalf. You will provide copies of pertinent documents from your estate plan to your doctor(s) and healthcare facilities, bank(s) and financial institutions. You need as well to inform the persons you have appointed of the role(s) you have assigned them, and the basic responsibilities entailed. Your attorney may draft a letter for you to sign and send to those you've appointed to help inform and educate.
But communication does not stop with distributing documents, or writing a letter. For your estate plan to work smoothly, communication, now and in the intervening years, with those you expect to rely on is crucial. You have laid the groundwork for others to make decisions as you would make them if you could do so yourself. Personal sharing, discussions of what matters most to you in the matters you've addressedin your estate plan strengthen the understanding that will underpin the actions to be taken later, on your behalf.
Your Life. Your Legacy. Your Way.
Confluence Law Center, serving Clackamas, Hood River and Multnomah Counties.
Confluence Law Center
24461 E. Welches Road,, Suite 4
Welches, OR 97067