Odd but Good Estate Planning Ideas
As much as human relationships can be full of emotion so can your Minnesota estate planning. You don’t have to write your will or form your trusts to merely dispense your assets robotically. By using estate planning law to its fullest, you can set things up to be a bit out of the ordinary. That’s not to say that abnormal is bad. On the other hand, you may find that you can do a lot more good through estate planning than you first anticipated.
As you continue to read, let the following be starting points to your imagination. You don’t need to use any of the following examples. Rather, you may find them helpful for drawing inspiration while you work with a lawyer. Use these examples to liven up your family members once you’re no longer with them.
Do Something Romantic
Valentine’s Day or not, there’s still the chance that you can still do something romantic once you’re gone. It doesn’t have to be a romantic getaway. Actually, it can be just about anything reasonable as long as you have the means and nobody gets hurt. Of course, you probably want to think of what your partner will want when you’re gone.
As a hypothetical example, you might want your wife to receive a box of chocolates everyday after you pass. You probably will need to budget for that ahead of time using your assets and potentially arrange things with a chocolate delivery service. Other ideas might be leaving money for a pet they always wanted or for flowers to be sent to their workplace during lunch time.
Healthy Rivalry
If your family loves playing games, perhaps you want to leave some of your assets as a kind of competition prize. That’s not to say that you want to create something that will divide your loved ones, but maybe consider something humorous or memorable. The goal with your estate planning should be to do the most good and bless your family. Think about Wills and/or Trusts.
Say that you held a pie eating contest at your yearly family gathering. So, as a way of saying goodbye, you set aside the assets for the pie and a small prize like an old sweater of yours. For now, think about ways that you can help make the setup easier on your family. Consider consulting your favorite local bakery or set aside a few hard copies of your favorite dessert. Give them something that their sweet tooth will adore.
Nightly Dinner Parties
Trust funds can be used to pay for multiple different things. Nightly dinner parties are one such example. No, you don’t have to be specific as to what’s being served at the party, but you can still dedicate the funds to having a great time. You don’t need to budget for nightly parties if you’re thinking about your spouse only having friends over every blue moon.
Perhaps the whole question you need to figure out is where the food is going to come from. A catering company might be an option. Otherwise, perhaps leave some budgeted assets for your partner to pick out some groceries everyone will love. Consider also making some small recommendations to liven things up a bit. Of course, always consider having backup in case your partner wants some extra assistance.
Spreading Ashes
For those looking to be cremated, consider having your ashes spread somewhere memorable. Where you want them spread is up to you. Your family will want you to be buried where you’ll be happiest. It could be in your hometown or near where you met your partner. You should discuss this with your family ahead of time, ensuring that all the little details are worked out.
Moreover, you should also consider consulting the proper authorities. Say that you want your ashes spread on a lake near where you’ve camped a lot. It might be a nice way of saying goodbye and touching to those you’ve camped with. Though, for example, there might be concerns of causing pollution in the lake. Research this beforehand and work out every detail. The last thing you want your family to have is a hefty fine for carrying out your last wishes.
Getting Things Together | MN Estate Planning Lawyers
So, now that you have a few good ideas brewing in your mind, it might be time to make your dreams a reality.
By calling 612-424-0398, you can grab a free quote and get everything started. With the law firm of Flanders Law Firm LLC by your side, you can tackle most concerns surrounding estate planning law.
Perhaps you’re unsure about everything that you can do. Maybe you want to make sure that your assets are allocated properly. Bring all your dreams and concerns without having to fret. Take as much time as you need in order to make sure that your estate is fully planned out.
