Do any of the following apply to you? If so, you should consider an estate plan:
- You own a home or property.
- You own a business.
- You want to reduce Estate Taxes.
- You want to change how state law distributes your property.
- You have young children and are concerned who will take care of them after you are gone.
- You are divorced with minor children and are concerned about an ex-spouse managing your property after your death.
- You want to select the person(s) who will manage your property during your lifetime, if you are not able.
Estate Planning Documents
Typical estate planning documents are:
- Will – A document that takes effect upon your death. It directs the distribution of your property and appoints the persons you choose to take care of your estate and property after you are gone.
- Power of Attorney – A document that appoints another person to take care of your affairs in the event that you are unable to take care of your property.
- Health Care Power of Attorney - A document that designates a person to make health care decisions for you if you are unable. Its purpose is to eliminate the need for costly and time consuming guardianship proceedings.
- Living Will - A document that is a directive to your family describing your wishes in the event life supporting machines or tubes are the only things keeping you alive.