If you don’t have an estate plan, you’re putting unnecessary stress on yourself and your loved ones. Fortunately, there’s a simple solution: take action.
In other words, it’s time for you to learn more about estate planning. Doing so will position you to create an estate plan that gives you the peace of mind you deserve.
Of course, there’s more to this than meets the eye. You need to know your goals, your estate planning options, and estate planning laws — and that’s just the start.
Here are some frequently asked questions you can address to ensure that you’re on the right track:
- Who do you want to receive your assets upon your death?
- Who do you want to make decisions on your behalf if you’re incapacitated and unable to do so?
- Are you interested in creating a will? How about a trust?
- What do you want to do in regards to long-term care planning?
- Do you have a plan in place for paying for long-term care?
- Do you understand the benefits of a durable power of attorney?
These are the types of questions you need to answer before finalizing your estate plan. Doing so will clear the air and give you direction. It’ll also help you settle on what you need to do and what you need to avoid.
When you don’t have an estate plan, it’s easy to assume that it’s easiest to keep things this way. But that’s not true. You’re taking a big risk with both the present and future.
If you have any questions about estate planning — such as those listed above — contact our law firm to schedule a consultation with an experienced attorney. Our entire team is here to help you create your first estate plan. Once you do that, you’ll feel more at ease about the future.
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