Is Estate Planning Really Necessary for the Average Person?
You may think that having a will or doing estate planning is only for the wealthy. You also may think that creating a will or planning for your future isn’t necessary at the moment. This is simply not the truth. Typically we don’t think of our family possessions until a divorce happens. Dividing up items, homes, and other assets become the topic of choice during a divorce; however, what about if you’re happily married? What are some things you should think of when discussing your possessions and children? Believe that everyone who has any kind of assets should have an estate plan. For these reasons and more, you should speak with an estate planning lawyer about your ideas and plans for the future. Continue reading to learn more and make sure to set up a consultation with a lawyer as soon as possible to get started.
You Can Appoint a Medical Power of Attorney
No matter how much you have in assets, you can still have someone in charge in case anything ever happens to you. This person would make decisions on your behalf if you should ever become incapacitated. They should be someone you really trust who will have your best interest at heart and know your wishes. You can also be as detailed as you want with your lawyer to have in writing what you would like to happen if different scenarios end up coming up in your life. For example, you can write down what you would want to happen if you ever fell into a coma or were on life support. You can also detail how you want to be buried or what you want a funeral to look like once you pass away.
You Can Create a Will
Having a will is important for anyone with assets. You can detail everything that you want to happen whenever you are gone from the world. It is important to have everything laid out in your will so that your loved ones can better focus on grieving your loss, rather than trying to determine who gets what. Even if you do not have very much money, there may be certain items of sentimental value that you want specific friends or family members to receive. Or, you may want your home to go to someone after your passing. These are all important rights you have that you need protected. A good estate planning lawyer will be happy to go over what you have and help you figure out how to distribute everything.
You Can Protect Those Who Depend on You
One of the most important things to you may be making sure any minor children or pets are cared for after your passing. You can go over this with an estate planning lawyer to appoint a guardian for your children and a new owner for any animals you may have. You can also leave money to anyone who will be caring for those who depend on you.
Contact a Lawyer
Reach out to an estate planning law firm today to set up a consultation with an experienced lawyer. You and your loved ones deserve to have some type of sense of security when it comes to your possessions. An attorney can go over everything in detail with you to make sure you can rest easy, knowing that all of your loved ones will be cared for even when you are gone.