Will vs. Estate Plan
While a will lays out what happens to your home, family, and other assets after you die, a full Estate Plan can also help dictate your wishes while you are alive. An Estate Plan may include a will, but it can also determine who gets power of attorney if you become incapacitated, designate health care agents , and more. While a will is a straightforward document to clarify your wishes after you’ve passed, planning your estate requires a bit more skill to ensure all aspects of your life are planned for and protected.
Estate Planning 101
Planning out your estate can take time and effort, as it has many key components. Wills may be included in an estate plan, but they are only one aspect of your future plan to think about as you age. Familiarize yourself with the key aspects of planning your estate and consider consulting a lawyer to help ensure you have done your due diligence and have included all the necessary documents.
It is best to look at your entire estate when deciding how to protect your Legacy. Planning out your estate can help keep your wishes intact as you age, and allot specific powers to your beneficiaries. Our offices are happy to help you plan and organize your estate so that you have full confidence in your future. If you have a larger family or specific wishes for your medical care, it behooves you to look into estate planning to ensure that your future is set up to be handled to your satisfaction.