Each morning as I wake up, thankful for life and thankful to be able to see the wonderful views around us, I wonder if the view will ever change. Intellectually, I know it will with life’s curve balls. But we all hope that it won’t, or want to think that it won’t. Every day I hear or read stories about people passing away unexpectedly and at such young ages. This is why it’s important to have an estate plan, regardless of age or situation. Each person’s plan can and should be tailored to that person’s situation and goals. Estate Planning Lawyers can make that happen. Here are the top objectives to think about for an estate plan.
- If you can’t make health care decisions for yourself due to incapacity, who do you want to make those decisions for you? For this, you will need a Designation of Health Care Surrogate.
- If you can’t make financial decisions for yourself, who do you want to make those decisions for you? For this, you will need a Power of Attorney.
- If you pass away, who do you want to receive you assets? Who do you want to raise your children? Who do you want to be responsible for your children’s inheritance? Who do you want to be in charge of your estate? These questions can be addressed in a will.
In all of the above questions I use the word WANT because if you don’t have an estate plan, then the person you may want to have the authority above, may not be the person that gets it if a court has to get involved. Remember, we’re not all invincible and a knowledgeable estate planning attorney can help you make a good estate plan.
~Cristin Buell, Esquire 813-925-8083
Disclaimer: The content in this internet website is for informational purposes only and should not be construed as legal advice. Please contact an attorney for legal advice.