Estate Planning: Thinking Beyond Wills

 

Drafting a legally binding will is an unquestionably important process. Without a will, your loved ones will not be given guidance or authority to carry out your ultimate wishes concerning your property. However, estate planning is about more than just wills.

The process of estate planning may also include trusts, guardianships, tax planning, life insurance coverage, powers of attorney and more. One of the reasons why it is so important to consult an experienced attorney about your estate plan is that the very nature of estate planning is complex.

 

Spotlight: Health Care Directives

One of the main challenges for those who are thinking about setting up estate plans is the process of creating a health care directive. Determining what will happen if you become unable to make healthcare decisions for yourself could affect the length and the quality of your life. As a result, you will want to make sure that your wishes are made legally binding. Telling your relatives and making sure that everyone is clear in regards to specifics may not be enough.

Instead of taking the risk that your wishes will be discarded or that the person you want to advocate on your behalf will not be recognized by a court of law, please consider seeking the guidance of an estate planning attorney who can help you draft your health care directive. With an attorney’s help, you will be able to enjoy the peace of mind that your directive will be properly drafted and treated as legally binding. 

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