An Estate plan is not something everyone thinks they need, but nearly everyone does. It is not just for those who are retiring, or those who are extremely wealthy. Many individuals put off planning their estate because they believe they don’t own enough, they have plenty of time or just don’t want to think about it. But you should never wait, you can put something in place now and always change it later if you have different ideas. Estate planning early makes things much easier if the unexpected happens, you should plan, review and decide with the help of an experienced attorney so your loved ones are left with peace of mind.
Your estate includes everything you own, your home, your checking and savings accounts, life insurance, insurance, valuable, personal belongings, your car and so much more. An estate plan is a set of documents that establishes and formalizes your wishes and directions for what should happen with your property, your children, your assets, everything in your estate, should you ever become unavailable, incapacitated or deceased.
Wills and Trusts form the basis of your estate plan; but there are additional less known documents you will need to have to secure your peace of mind and ease your loved ones decision making. In addition to a Will or Trust, your Estate Plan will always contain, at minimum, the following documents:
- HEALTH CARE PROXY
- HIPAA RELEASE
- LIVING WILL
- DURABLE POWER OF ATTORNEY
- ASSIGNMENT OF PERSONAL PROPERTY
- DISPOSITION INSTRUCTIONS
Having these types of documents in place provides critical guidance for your loved ones. Our attorneys are here to help you prepare these kinds of documents properly and make sure all of your bases are covered for the future.
For more information on creating an Estate Plan, or to set up a free and confidential consultation with one of our attorneys, fill out the form below.