Who should be included in an estate plan?

An estate plan is an important document for ensuring that your assets are distributed according to your wishes after you die. When putting together an estate plan, it is important to consider who you would like to include in your plan. Generally, the people and organizations you would want to include in your estate plan are: 1. Family Members: Your spouse, children, and other family members you want to provide for after your death should be included in your estate plan. 2. Beneficiaries: You may choose to name people or organizations you would like to receive assets from your estate, such as friends, charities, or religious organizations. 3. Executors: An executor is the person who makes sure your estate is managed and distributed properly. If you want someone to make sure your estate is handled properly, you should name them as an executor. 4. Trustees: You may choose to set up a trust, which allows you to control how your assets are used or distributed. If you choose to set up a trust, you should also name a trustee to manage the trust. In addition, you should review your estate plan with a lawyer in your state – Alaska – to ensure that your plan meets the legal requirements. An estate planning lawyer can also help you determine who should be included in your plan and how your assets should be distributed.

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