Estate Planning

Will: A will is a legal document that outlines how you want your assets to be distributed after your death. It allows you to appoint an executor to oversee the distribution process and designate guardians for minor children if necessary.

Trusts: Trusts are powerful tools that can help you manage and distribute your assets more effectively. They can be used to avoid probate, provide for minor children or beneficiaries with special needs, and protect assets from creditors.

Power of Attorney: A power of attorney grants someone you trust the authority to make financial or healthcare decisions on your behalf if you become incapacitated. It’s essential to choose a reliable individual to act as your agent and clearly outline their powers and responsibilities.

Healthcare Directive: Also known as a living will or advance healthcare directive, this document specifies your preferences for medical treatment in case you are unable to communicate your wishes. It addresses issues such as life support, organ donation, and end-of-life care.

Beneficiary Designations: Review and update beneficiary designations on retirement accounts, life insurance policies, and other assets to ensure they align with your estate plan. These designations override instructions in your will, so it’s crucial to keep them current.