Planning for the future is a process that requires one to consider what will happen to his or her property after passing. It involves deciding how to distribute assets and who should oversee the process. Estate planning is a prudent step for virtually every Nevada adult, and it can provide peace of mind for the entire family. When creating these plans, however, it may be helpful to consider the inclusion of certain conditions.
Common sense rules
By making certain estate planning provisions conditional, it allows one to impose rules that will make the process of settling the estate simpler and less complicated. For example, it may make sense to name a child to be the executor of an estate, but this may only be prudent in certain circumstances. It may make sense to make this appointment conditional on the child being a certain age or comfortable with the task.
Conditions may also make sense for other estate planning decisions. This includes when appointing a guardian for minor children or naming a specific individual to receive assets from the estate. Conditions may ensure the preservation of wealth and the best interests of heirs and beneficiaries.
The most prudent estate planning decisions
Planning for the future is not always an easy process. It may help to discuss concerns with an experienced attorney who can help a Nevada adult create an estate plan that is ideal for his or her specific objectives and the details of the individual situation. After an evaluation of goals, it may be determined that the inclusion of conditions is appropriate and necessary.