Estate Planning: How High to Build the Wall?

Every estate plan should have some kind of wall — a wall of privacy, that is.   But how high?

Maximum privacy suggests you reveal only that a plan exists, while full exposure proposes a full sharing of estate planning documents.  How high you build depends upon your personal comfort level with “prematurely” sharing your personal information with your designated parties (e.g., executor, trustee, agents), the likelihood of revisions, and concern for potential abuse of powers given or information revealed.

Whatever your privacy needs, it is crucial that you at least make known the accessible location of your planning documents  – hopefully in a fire-proof safe and not a guarded ivory tower.