You’ve worked hard all your life for your assets and it’s important to ensure that they go into the right hands when you pass away or are no longer able to make sound decisions regarding your assets. Although the idea of planning out what will happen to everything you’ve worked for after your passing is something that many people try to avoid as long as possible, a solid estate plan is a wonderful gift that you can give your loved ones and isn’t something that should be put off until the last minute.
Having a good estate plan that outlines your wishes can also give you peace of mind, knowing that when you pass or are incapacitated, your loved ones will be taken care of in the way that you wanted.
Last Will & Testament
A last will and testament is a legal document that allows you to specify how your assets will be distributed among our family members after you die. However, in order to make a last will and testament legal, several criteria must be met. You must be able to prove that you are of sound mind when creating the document, and the document must be witnessed. You must not be under duress of any kind when signing your will. By working with a seasoned estate planning lawyer, you can ensure that not only will your wishes be carried out, but that your loved ones won’t have the burden of guessing at what you would have wanted.
Health Care Proxy & Power of Attorney
A health care proxy is an individual that is appointed to make decisions about your health care when you are no longer able to do so. A power of attorney is an individual that is appointed to make decisions about your financial affairs and your assets again, when you are no longer able to do so. It is important to appoint a health care proxy and a power of attorney when planning your estate, because if you do not have them appointed at the time you become incapacitated, the state will appoint them for you. Ensure that you have who you want representing you by making your decisions legally valid through your estate plan.
Call the Dillon Law Group, PLC today
Don’t wait to plan for what will happen. It’s simply impossible to know when it will be too late to do so until it is already too late. Give yourself peace of mind and your family comfort by building an estate plan that leaves no room for guessing. Contact the Dillon Law Group, PLC, today to discuss how you can give your loved ones the gift of a solid estate plan by calling (757) 962-4796.