April 30, 2015

Think you don’t need estate planning because you’re not married or have no children? It’s a mistake to skip over this vital process, because every person should evaluate five possible tools that can help plan for the years ahead. These five documents are just the basics and it’s recommended that you meet with an estate planning attorney to determine if any additional documents would benefit you. 

• Healthcare power of attorney: This empowers another individual to make healthcare decisions for you if you can’t.
• General Durable Power of attorney: This is key for singles, since you might need someone else to manage your finances on your behalf if you become unable to do so.
• Revocable trust: If you want a private way to pass on some of your assets, a revocable trust could be just the tool you’re looking for.
• Will: Your will is basically your public record of what you wish to pass on. You should have one, but you might consider other options if you want some privacy.
• Living will: If you have specific feelings about pertinent healthcare decisions, they should be outlined in your living will.

For more specifics, contact our office today. We can help you. Set up an appointment at info@lawesq.net.