Many people have a phobia about estate planning. Nobody wants to think about their own death. My own father refused to come in and sign his Will before his untimely death. He was lucky to have an estate lawyer in the family. For many, proper estate planning somehow implies their death is imminent. Well, it is. But beginning with a basic estate planning checklist, and following through with it…can alleviate anxiety and make all the difference in ensuring your hard-earned assets end up where you intend — and you get the added bonus of having your family love and appreciate you even more because you didn’t ignore this important task.
Although this takes some time, and a little money, the peace of mind will more than outweigh the time and trouble, and it is often less costly than you think. Take a moment and set a goal to consider the following important estate documents with a good estate planning attorney (not your divorce or bankruptcy or personal injury lawyer). Our clients have repeatedly told us that when they are done, it is highly liberating, as long as it is done properly and with good advice from a qualified estate planning attorney.
- Basic Estate Planning Documents
- Power of Attorney
- Healthcare Directives to Physicians
- Trust (consider a Family Trust under your circumstances)
- Life Insurance
- 401(k) Plans and IRA’s
- Guardians for Minor Children
- Trusts for Minor Children and Young Adults
- Beneficiary Designations for Life Insurance, Pension, 401(k), IRA and HSA plans
- Funeral and Burial Plans
Once you have considered each of these items and dealt with them, you can rest easy, knowing that you have left your family in the best circumstances possible. Call now!