Who should I share my Estate Plan with?
Share an unsigned digital copy of your estate plan documents through your FastWill account. This promotes transparency and open communication, helping to prevent misunderstandings and disputes later on. Most people share their estate plan with individuals in the following roles:
Beneficiaries
Sharing your estate plan with beneficiaries fosters transparency, helping them understand your intentions for asset distribution and minimizing potential confusion. This openness builds trust, enables informed decision-making, and ensures a smoother transition, allowing your wishes to be carried out respectfully.
Guardians
Sharing your estate plan with guardians prepares them emotionally and practically. This transparency fosters trust, empowers informed decisions, and ensures they are ready to assume their roles, promoting clear communication and effective guardianship.
Trustees
Sharing your estate plan with your trustee is essential for conveying your intentions regarding trust assets and management. This clarity empowers the trustee to administer the trust according to your wishes, minimizing the risk of misinterpretation or conflicts.
Executors
Sharing your estate plan with your executors ensures they clearly understand your wishes regarding asset distribution and other matters. This transparency streamlines the execution process, allowing your executor to make informed decisions and facilitating efficient communication.
Health Care Agents
Sharing your estate plan with your health care agents ensures they understand your medical preferences and can advocate for your care according to your wishes. This transparency enables them to make informed decisions on your behalf, ensuring your healthcare choices are respected during times of incapacity.
Financial Advisors
Sharing your estate plan with your financial advisor ensures they understand your estate planning decisions, enabling them to better serve you and your estate. This insight allows them to support the distribution of your estate effectively, as they will have access to additional views of the data entered in your estate planning documents.