Estate Planning

Estate planning is important for everyone, and involves much more than just writing a will. Exactly what should be included in your estate plan depends on the property you own, your family structure, and other variables. For most people, the key elements are:
A will, a living trust, or both
A health care power of attorney appointing the person you would like to make your medical decisions if you are unable
For those with minor children, appointment or nomination of a guardian for the children if the parents should pass away or become incapacitated before the children reach the age of majority
An advance health care directive, instructing physicians who treat you on certain high level aspects of your care - - particularly, on the circumstances in which you would or would not wish to be resuscitated or have your life artificially maintained
A financial power of attorney to allow a trusted person to manage your affairs if you become incapacitated
These estate planning documents go by different names in different states, and exactly how they work may differ slightly. But, they serve the same basic purpose and are important no matter where you live.

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The Best Estate Solutions for You

There’s no one-size-fits-all estate plan that will suit everyone’s needs. Structuring the best solution for you and your family means considering a variety of issues, such as:
What the most efficient and most cost-effective means of transferring property is–the answer may be different for different types of property
How much and what types of assets you own
How the method of transferring property and whether you transfer that property during your lifetime or after death will impact the tax burden
Who is best equipped to make medical decisions or manage your affairs if you’re unable–it may not be the same person
Some families will also need additional documents. For example, if you have minor children, you will want to nominate a guardian to care for them if you become incapacitated or pass away before they reach adulthood.

The best source of guidance about how to achieve your goals and protect your family’s interests is an experienced estate planning attorney.

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The Importance of Estate Planning

Many people put off estate planning because they don’t believe they have enough property to worry about planning, or they assume they have plenty of time. That’s understandable, especially if you’re relatively young and healthy. But, the truth is that none of us knows when we might fall ill or be in an accident. When it happens, it may be too late to make arrangements.

That can mean a lot of unnecessary burden on your loved ones. For example:
● Failing to appoint someone to administer your estate or make medical decisions for yu can cause confusion and conflict in the family

● If you don’t make arrangements such as a will or living trust, your property will be distributed according to state law–which may not end up the way you would have wanted

● If someone in your family has to seek legal appointment to attend to business like making your mortgage payment, they may face unnecessary expense and delays
At Resolve Law Group, we want to make it as simple and painless as possible to ensure that your wishes are carried out when you’re no longer with your family, and that someone you trust can make decisions for you if you can’t make them yourself.

Find The Estate Planning You Need

Living Trusts

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Powers of Attorney & Healthcare

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