One of the most important parts of planning end of life affairs that may be overlooked is matters of the estate. Deciding where assets go at your death, and how financial and health decisions will be made if you can no longer make them on your own is among the top issues that need planning well before the time actually comes. But with a large number of Estate Planning Lawyer in Gig Harbor Wa, and the number of legal documents to be taken care of, starting an estate plan can be a daunting task by itself. Here is a quick overview of an estate plan and why having one now can pay dividends down the road.
Estate Planning Simplifies A Turbulent Situation
An estate plan can involve much more than asset distribution. The biggest one most people think of is a Last Will and Testament. This addresses property distribution at death, an appointment of legal representatives and how your estate should be administered. An estate plan also provides the legal power of attorney for a representative to make legal decisions on your behalf. Among the documents commonly included in a plan are community property agreements, health care directives, personal property memorandums and burial and funeral wishes.
Finding a Great Team to Build Your Estate Plan
A quality Estate Planning Lawyer in Gig Harbor Wa will sit down with you and go over your current needs and assets for end of life matters. They will learn about you, your wishes and assess your situation now and how it may be in ten or twenty years or even longer. Drafting and tailoring a customized estate plan takes care of issues or worries that may happen now, as well as definitive desires for when death occurs. They also will be able to look ahead and see where potential issues could come up under certain conditions. By planning for them now, they can eliminate them as problems later.
Estate planning is one of the most important tasks any person can undergo, whether they are 18 or 80. Finding a great team for your plan will help provide peace of mind now and more in the years to come.
