We recently came across a client that didn’t have children and their Will calls for giving assets to heirs. The problem is that we don’t know who the heirs are. We have ideas who the heirs are but we are not totally certain, and that’s where some advanced planning is necessary.
When you have no children and no clear heirships, you should identify who is going to be receiving your assets. If you don't do so, you could always have ancillary documents where you list names and addresses of contact persons which makes it a lot easier on the back end. In this case, we're going to have to hire a professional to examine the family tree.
If you ever have any questions regarding or trust, please give me a call at 773-489-8500.