When it comes to preparing for the future, most people think that having a simple will is all that’s required for making sure their assets will be properly distributed upon their death. A comprehensive estate plan includes a will but it also prepares for a number of other eventualities and estate planning.
A Will Explained
A will is a legal document that allows you to designate where your property will go when you pass away. On your will, you will name a personal representative or executor that will be responsible for carrying out the wishes on your will and going through the probate process of distributing your assets. If you have minor children you can also denote on the will who will serve as their legal guardians and you can use this document to express some of your final wishes.
The Estate Planning Process
Under state planning, you are able to evaluate your goals, assets, and circumstances under multiple legal devices. An estate planning lawyer brooklyn ny can protect your interests if you’re ever sick or incapacitated, you can prepare for the future if your spouse were to pass away, plan long term care, medical wishes and more.
When you think of an estate plan, it’s important to consider the mitigation of future crises that you could face. If you were ever injured or ill to the point of being incapacitated, it is important to have someone who can make decisions about your medical care, who will control your states and assets while you are incapacitated and more will make sure that there’s a plan for your finances and your health.
If you have a will but you’re interested in further estate planning, contact estate planning attorney sun prairie wi today. We can learn more about your situation and health history to determine which aspects of estate planning may be beneficial for you.
This article was written by Alla Tenina. Alla is one of the best estate planning attorneys in Los Angeles, California, and the founder of Tenina law. She has experience in bankruptcies, real estate planning, and complex tax matters.The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.
