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Ways to Keep Your Estate Plan Simple

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					                             Ways to Keep Your Estate Plan Simple

You can’t take it with you. This is one of the simple, inalienable truths about dying, and, like it
or not, your relatives know this. So if you have had the good fortune to become wealthy during
your life, be sure to develop an estate plan that will help keep things civil. After all, you likely
included these people in your will because you want to help provide for them in the wake of
your passing, not inflict the stress and tension that accompanies an indecipherable estate plan.

One way to do this is with the tax-avoidance schemes involved in the drafting of your will. We
all want to minimize the amount of taxes paid to the government when pitted against the
amount of money that would go to a family member, but trying to be too tricky may backfire.
Remember, the tax code changes yearly, and if you don’t have any flexibility built into your
estate plan because you were hyper-focused on tax savings, your loved ones may suffer.

Another indicator of simplicity in an estate plan is its explainability. That is, if the estate plan
cannot be explained simply and clearly, in such a way that the division of assets is easily
discernible, you may want to consider ways to simplify it; again, an indecipherable estate plan is
of no benefit to anyone.

A third way to keep your estate plan simple is to stay in regular contact with your estate
planner. Discuss your goals and what you would like your family members to gain from your
estate, as well as your concerns.

Experienced estate planning attorneys Port St. Lucie FL of the Robert J. Kulas, P.A. offers estate
planning and business planning resources to residents of Port St. Lucie FL. To learn more about
these free resources, please visit www.kulaslaw.com/ today.

				
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Description: You can’t take it with you. This is one of the simple, inalienable truths about dying, and, like it or not, your relatives know this