What is an Estate Plan?

Most people think an estate plan is just a Last Will and Testament.  Proper estate planning does include a will, but it’s much more than that. For example, a good estate plan also outlines who you want to make financial and health care decisions if you can’t make them for yourself.

A well-thought-out estate plan will work to:

  • support family, friends, or causes that are important to you,
  • establish control over who gets what (and who doesn’t),
  • provide for any children who need a guardian,
  • minimize taxes and fees on your estate, and
  • establish ownership when you’re gone for a business or property such as a house or car.

Do I Need an Estate Plan?

The short answer is YES.  Estate planning is a tool that ensures your healthcare and financial wishes are known and followed if you are incapacitated or pass away.  While we believe everyone can benefit from having a well-prepared estate plan, if you answer yes to any of the following questions, it’s especially important that you have an estate plan in place.

  • Are you married?
  • Do you have kids?
  • Do you have a positive net worth?

What Does an Estate Plan Include?

Our basic estate planning includes:

  • Last Will and Testament
  • Personal Property Memorandum
  • Durable Power of Attorney
  • Healthcare Power of Attorney,
  • Living Will (Advanced Directive),
  • And more