Estate planning is an option for everyone. It is the forward-thinking process of controlling your assets during your lifetime, as well as how they will be distributed after your death. Most importantly, estate planning offers peace of mind to you and your loved ones. By establishing a plan, you are freeing your loved ones of the emotional and financial stress that accompanies managing and distributing your assets after your passing. You’re also gifting yourself a peace of mind in knowing that your most valuable possessions will be taken care of after you’re gone. In short, your plan reduces the risk for disputes among beneficiaries while ensuring that your wishes are carried out.
Estate plans have multiple parts, including Wills, Trusts, Patient Advocate Designations, and Powers of Attorney, among other documents. You may choose to do one, a few, or all of these options. Talking with a trusted attorney can help you determine the best option for you, your family, your assets, and your circumstances based on your needs and wishes.