Protect your loved ones and your legacy by planning ahead for unexpected challenges.
Your estate plan is a guidebook of directions and legal requirements for your loved ones to follow in the event of a death or unexpected tragedy. The level of detail within an estate plan often varies from person to person; however, there are several important categories to consider including, such as: Wills and Guardianship, Revocable Living Trust, Advanced Directive/Living Will, Durable Power of Attorney, Healthcare Power of Attorney, and plans for final disposition.
It is not uncommon to start with a basic estate plan and add to it as you acquire new assets and maybe even new family members. For specific unique circumstances, we can also look at adding special needs trusts and gun trusts to your plan. Our attorneys can help you find a starting point that makes sense for you.
You need an estate plan even if you don’t have any significant assets. One of the most common misconceptions we see when discussing estate plans with our clients is the belief that your assets are too insignificant to justify having a will or trust. Having an estate plan in place means you are making a concerted effort to make things as smooth as possible if something were to happen to you. The plan will act as your voice in the event you are unable to direct your family regarding your affairs.
We can’t stress enough the importance of having an estate plan in place. Without one, everything you leave behind, whether that is your children, your pets, your home, or otherwise will be dispersed and dismissed as quickly as possible according to state law, which doesn’t always mesh with your personal wishes.