Complete and Truthful Disclosure
Something interesting happened this week while discussing an estate plan for a client with adult children. The conversation was focused on how to divide the estate and distribute to the children. The client began the conversation with the statement that all of his adult children and doing very well with well established careers and good earnings. About an hour into the conversation it became apparent that one child could not keep a job for more than 8 months and he does not earn enough to support his family.
The point of relating this story is that when you sit with your estate planning attorney discussing how your estate would be divided and distributed, be honest with the attorney. This is not the time to hide critical facts.