Having a large family is certainly a blessing but it is also something you should be aware can serve to complicate your estate plan. At the Law Offices of Christopher B. Johnson, we have seen just about every type of family there is during my 18 years as a Pasadena estate planning attorney so we know how important it is to find an estate plan that works for you.
The more assets you have the more complicated an estate plan typically is. The same holds true for family members. Whether it is step siblings or kids or you need to plan for taking care of grandchildren or extended relatives, this can all be done it just takes a little extra planning. Here are some additional things to think about when it comes to planning your estate for a large family:
- Do you want to divide everything equally?
- Do certain family members need their inheritance managed by a third party rather than just given to them?
- Who will control the estate and make important decisions when you are gone?
- How to plan for potential conflicts among family members?
- If there are under age children, who will look after them and how do you want to manage their inheritance?
As you can see, the list can be endless and can get exponentially more complicated if you are dealing with not only a large family but a large estate. Additionally, many of my clients are always surprised to find out that putting together a comprehensive estate plan is not something reserved for death but can also benefit them while they are living too. At the Law Offices of Christopher B. Johnson, I know how important putting together an estate plan that works for everyone in your family is and will work with you and your loved ones to make sure your wishes and their needs are fully realized. Planning for the future is essential when it comes to large families; get in touch with the Law Offices of Christopher B. Johnson today.
Christopher B. Johnson is a Pasadena estate planning attorney that has been helping individuals and families plan for the future for over 18 years. His highly individualized approach to estate planning means that he listens to what you have and need and then comes up with an estate plan that works for you—there is nothing cookie cutter about working with the Law Offices of Christopher B. Johnson. He is passionate about using his extensive estate planning knowledge to help others. Give us a call today to set up a consultation and let us help you begin planning for the future.