In the last blog, we talked about Leonardo da Vinci’s personal motto of Sapere Vedere – believing is seeing. We think that for estate planning, believing then seeing is key for a successful transition. It creates an opportunity to make your children, grandchildren and others aware in advance of what you want.
From your heir’s standpoint, they, of course, have a lot of questions about how this whole estate thing works: How do things transfer? What are these trusts? How does a will work? What are the taxes, the ramifications? There is a lot of those kinds of things.