Estate planning is the advance process of planning what will happen to your assets after you die. It can also be a way of protecting your assets against liability and lawsuits. Estate Planning is a necessary for anyone who has any type of asset such as a; car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how modest, everyone has an estate.
Distribution of that estate is an eventuality everyone must face. It is not a matter of “If” but “When” your estate will be distributed. When that time comes you will want the piece of mind of knowing that your estate will be distributed according to your wishes and that your family will not be saddled with expensive legal fees and the burden of handling your estate through the court system.
A well drafted estate plan will ensure that your assets are protected in the event you are involved in a lawsuit, your wishes are carried out in the event of your death or you become incapacitated, and your assets will be distributed according to your specific instructions, with the least amount of taxes, legal fees, and court cost being paid.
Living or Revocable Trust
Durable Power of Attorney
Advanced Health Care Directive
Updating current estate plans