St George Estate Planning

Not All Estate Plans are Created Equal

 

Office:   (435) 688-9117
Home Estate Planning Twenty Questions #5: What if You Don’t Have Children?

By Larry Brock

Twenty Questions #5: What if You Don’t Have Children?

If you do not have children, do you like all your brothers and sisters and all of their children?Do You Have Children

Without an estate plan, the government decides who will receive your assets. If you have no children, the intestate plan most likely will dictate that your assets go eventually to your brothers and sisters and then will reach your nieces and nephews.

If you don’t want that plan, then you need to create your own. Not all of us like our brothers and sisters equally. Not all of our brothers and sisters need the assets and resources equally and not all of their children have created a relationship with you that would make you wish to remember them. Just because you are related does not mean that they should receive your assets.

Or, what if you’re an only child? Then the Legislature’s intestate plan may give your estate to people you’ve never heard of and never met. This is something that can be prevented with the proper planning.

About Larry Brock

I am an attorney licensed to practice law in both Utah and California, with over 45 years of experience in the legal profession. I have seen every kind of litigation and the destruction of families because of poorly drafted and prepared estate plans. For the last 23 years, my practice has been focused on Estate Planning, Probate, Trust Administration, and Contested Estate Litigation. Professionally, my goal and purpose is to help families craft estate plans that provide peace of mind, protection, financial savings, leadership, purpose and guidance to the next generation.