A properly tailored estate plan is a tool your family can use in the event you become incapacitated, providing you with peace of mind that both your wishes are being followed and that your finances are handled according to your standards.
Powers of Attorney: This document is extremely important because it allows you to appoint someone to make financial decisions for you in the event you are incapacitated.
Designation of Healthcare Surrogate: Like the Power of Attorney, the Designation of Healthcare Surrogate allows you to appoint someone to make decisions for you in the event you are incapacitated, but the Designation deals with healthcare-related decisions.
Designation of a Pre-Need Guardian, both for yourself and for minor children.
Trusts: A Trust is one of the most effective methods of passing property down to your beneficiaries outside of the probate process. In addition to avoiding Probate, a Trust can allow you to plan for minor children, dependent adult children or relatives, beneficiaries with Special Needs, pets, and more. This can save a family time, money, and frustration after the loss of a loved one. Click here for more information on Trusts.
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