If you want to ensure that your loved ones are cared for in the aftermath of your death, you should consider taking some time to create an estate plan. We can never know what the future may hold, so taking this important step now can spare your family a lot of avoidable stress during an already difficult time. Continue reading to find out what you should include.
Creating an Estate Plan
Everyone’s needs are different, but there are generally some documents that should be included.
Here are some items you should include in your estate plan:
- A will is one of the most important elements of an estate plan. In addition to determining what will happen to your assets and property, you can also name a guardian for minor children, and include funeral provisions.
- A will is important, but it will not keep you out of probate court. A living trust, however, can help you avoid this time-consuming and expensive legal process. Unlike a will, you can also choose when you want your property to be distributed, which can be useful in situations where you believe a loved one may mishandle their finances.
- Estate planning is not just about ensuring your affairs are in order before you pass. If you include a durable power of attorney, you can choose someone to make financial decisions on your behalf if you become incapacitated and cannot make these decisions on your own.
- In addition to a durable power of attorney, you should also consider including a health care power of attorney. The person you assign to this role will be able to make health care decisions for you when you cannot make them yourself.
Creating an estate plan is an important step to take for your future and the future of your loved ones, so do not hesitate to seek legal guidance to get started.
Contact Our Legal Team to Get Started on Creating an Estate Plan Today!
No one is ever too young or too healthy to start thinking of preparing for the future. If you are interested in creating an estate plan, the experienced legal team at Dorcey Law Firm can assist you with this process. You can rely on us to help you create an estate plan that meets your unique needs.
Reach out to our law firm today at (239) 309-2870 to set up a free initial consultation with one of our attorneys.