King Patent and Business Law, PLLC

Keep It in the Vault! NDAs for Estate Planning & Wealth Privacy

Estate planning is a deeply personal process that involves sensitive financial and family information. Non-disclosure agreements (NDAs) can help keep your estate plans private and secure.

🔐 Why NDAs Matter in Estate Planning

Confidentiality Among Advisors 👨‍⚖️ – Ensure attorneys and planners keep details private.

NDAs help ensure that financial planners, other professionals, and family members involved in your estate planning keep details private. Attorneys are prohibited from disclosing any information under attorney-client privilege. Some financial and other professionals are bound by similar ethics regulations. If you aren’t 100% certain whether they are, and you want to make sure your planning is private, have them sign an NDA.

Protecting Assets 🏡 – Prevent early disclosures about trusts and inheritances.

Sometimes you don’t want anyone to know what assets you have until after you’ve passed. NDAs can prevent the premature disclosure of asset transfers, trusts, or business succession plans.

Reducing Family Disputes 👨‍👩‍👧‍👦 – Keep estate details private to avoid conflicts.

Sometimes you don’t want anyone to know who will inherit what until after you’ve passed. NDAs can prevent that from being disclosed while you’re alive. By keeping information confidential, NDAs reduce the risk of misunderstandings or disputes among family members. That confidentiality can help prevent family members from complaining to you about your plans. Once you’re gone, if they fight the plans or each other, you won’t be around to suffer through that.

Securing Digital Assets 💾 – Protect online accounts, digital investments, and intellectual property.

For digital estate planning, NDAs can ensure that information related to online accounts, digital assets, and intellectual property is kept secure.

🔑 Key Takeaway

NDAs add an extra layer of privacy in estate planning, ensuring your assets and wishes stay confidential.

🔹 Pro Tip

Not all NDAs are the same or effective for every situation. Always consult an experienced lawyer to draft an NDA tailored to your needs!

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Julie King

Julie is the founding attorney at King Patent and Business Law. She has been practicing law for over 20 years, is a licensed patent attorney, and has state licenses in Illinois and Georgia.

February 21, 2025

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