Everyone should evaluate their estate plans in two different ways: All documents should be read and analyzed both together and separately.
It’s important to know that estate planning documents will get the job done both together and separately, which is why it’s important to analyze them through several different lenses.
Because I work too much, I seldom have time to date. However, if or when I do go on dates, I like to make sure that the woman I am seeing is both caring and smart. After a few dates, I need to try to see my date through both of those lenses to know that she actually is both caring and smart.
Similarly, each person’s estate plan should be evaluated in two ways. First, all documents involved in estate planning should be prepared and read together with each other. Second, each estate planning document or agreement should be read in isolation or separately from the other documents and agreements.
Read more about the importance of analyzing estate planning documents both together and separately in Lee’s article in the Lima News here: Legal-Ease: Analyzing estate planning documents together and separately
Source: LimaOhio.com, “Legal-Ease: Analyzing estate planning documents together and separately,” by Lee R. Schroeder, June 2, 2018
Lee R. Schroeder is an Ohio licensed attorney at Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at Lee@LeeSchroeder.com or at 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.