Estate planning involves more than dividing up a large amount of property and assets. Experts recommend that everyone engage in estate planning, which includes vital actions like creating a will and power of attorney.
Don't buy into the myth that estate planning is only necessary for the very rich. Many people don't consider that with a home and some type of savings or retirement account, there is a considerable estate to be passed on to children and other heirs.
As you get older, it's natural to worry about what will happen to your adult child with special needs after you pass on. Planning for them now will help you to get peace of mind.
A good attorney is essential when it comes to estate planning. Not only can they help you make decisions that are best for your individual situation, but they can help you navigate the ever-changing federal and state laws governing estates as well.
We can assess your current situation and determine if there are steps you should consider in the area of estate planning. For example, have you named someone to handle your affairs in the event that you become incompetent because of an illness or injury?
It's important to remember that every power of attorney is a little different. We're always here to help you evaluate which type of power of attorney is correct for your particular situation.
