Don’t wait until you are advanced in age or have a lot of valuable assets to set up an estate plan. Estate Planning is important for people of all ages and financial circumstances, and regardless of whether you are single, divorced, married, in a civil union, or in a committed relationship, and whether or not you have children, grandchildren, or other family members.

Estate Planning is not just about deciding who will receive your assets and personal belongings after you die. It has a critically important function during your life time: Memorializing who you want to make financial, medical, and health care decisions for you if cannot make these decisions for yourself. What if you are in a serious car accident, or receive a diagnosis of Dementia, Alzheimer’s, Parkinson’s, MS, or other progressively debilitating condition? Estate Planning at any age ensures that you know ahead of time that a trusted friend, family member, or experienced professional will manage your finances, assets, medical needs, and your health and day-to-day care needs if you experience a temporary, progressive, or permanent physical or cognitive disability.

Estate Planning can also arrange for care and financial support of your m in or children, children with special needs, or other loved ones. It also makes clear whether you want life-sustaining treatment if you cannot speak for yourself, whether you want to be an organ donor, and what your preferences are for after-life arrangements (such as traditional burial, green burial, or cremation), and whether or not you want some type of service (such as a funeral, memorial service, celebration of life, etc.). An estate plan can include the following documents:

 

  • General Durable (financial) Power of Attorney
  • Medical Durable Power of Attorney
  • Advance Directive (“living will”)
  • Will
  • Living Trust
  • Real Estate Deeds
  • Tangible Personal Property Memorandum
  • Instructions for Disposition of Last Remains
  • Instructions for Funeral or Memorial Service
Have more questions on Estate Planning?

Check out our Estate Planning FAQ section.

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