An Estate Plan begins with a Will, the document used to convey your property upon your death. The Estate Plan may also include documents such as Power of Attorney, Health Care Power of Attorney, Living Will, or Trusts. It would depend on your personal situation as to whether some or all of these additional documents are necessary. You may be under the impression that you can create these documents on your own. While that certainly is true, you must take into consideration that a Lawyer can help you prepare these documents while answering questions you have probably already asked yourself. These include:
- Should I convey my Real Estate in my Will or will that have some tax consequences?
- Do I need an Executor and what exactly does this person do?
- If I become incapacitated will a Power of Attorney give a person complete control of my Estate?
These are just a few examples of why it is important to seek legal representation for creating an Estate Plan. Properly executed documents ensure your financial and personal property assets are handled as you wish. These are important decisions to make and you do not have to face them alone.
In addition to the tough questions faced when creating an estate plan, you also need to consider the Laws governing estates which require specific instruments contain specific language. A good lawyer will know what those are.
If you are asking yourself where to begin, call us and someone can schedule you an appointment to meet with an Estate Planning Lawyer.