Who Should Have a Copy of My Will or Trust?

Should you give your will to your kids or to your executor? Generally speaking, you should do neither. You have spent many hours and considerable effort planning your estate and you do not want it to read and misinterpreted before its time for it to be executed. Your will may change many times before you pass away and you will only want your heirs to see the final version. So how can you give your loved ones more information about your will without actually giving it to them? We recommend the use of memoranda. These are memos that document where things are, passwords, account information, contact information and advice. You can fill in the blanks of your will while maintaining the privacy of your will until the time is right. We also recommend family meetings to discuss your will without revealing the extent of your assets or the details of your estate. Make sure that your heirs have the tools to carry out your will successfully. If you have questions about sophisticated estate planning in Pennsylvania, call David M. Frees at 610-933-8069 or email him directly at [email protected] to learn more.
David M. Frees, III
Attorney, Speaker and Author