Helping Clients Prepare For The Future
An estate plan is a comprehensive plan that outlines how you want to distribute your assets after your death, provide for your loved ones and be cared for in the event you are incapacitated. You may think you’re too young to start this process, but the truth is that it’s never too early to start preparing an estate plan. If you are ready to prepare for the unexpected, contact the estate planning attorneys at Beeman Heifner Benge P.A. at once. Let us create a customized estate plan that meets your goals.
What Is Included In Estate Planning?
Estate planning is not just for the wealthy – it can benefit anyone. Preparing an estate plan allows you to take control of your estate even after your death. You will get to decide who receives your assets after you’re gone, so your loved ones won’t have to go to court to fight over who gets what. Everyone has different needs, goals, and concerns, so no two estate plans are alike. But in general, an estate plan can include a number of different elements such as:
- Last will and testament: This document outlines how your assets should be distributed, and to whom, after your death.
- Revocable living trust: This document will establish a trust and appoint a trustee who is responsible for managing the assets held in the trust.
- Advance medical directive: Including this document in your estate plan allows you to determine who will make medical decisions for you in the event you are incapacitated.
- Financial power of attorney: This document will give a loved one the power to make financial decisions on your behalf in the event you are unable to make these decisions on your own.
- Appointed guardian: Parents with minor children can appoint a guardian in their estate plan who will care for their children in the event of the parent’s death.
- Letter of intent: Writing a letter of intent will notify the executor of your estate or a beneficiary of special requests you would like them to honor.
These are some of the many elements that are often included in estate plans. Your estate plan may include some or all of these elements, depending on your needs. It can also help parents plan for minor or disabled children. It’s best to let an attorney determine which documents you will need to meet your goals.
Speak To Our Estate Planning Attorneys In Anderson Today
If you are interested in creating an estate plan, it’s in your best interest to contact the experienced attorneys at Beeman Heifner Benge P.A. as soon as possible. Our lawyers are passionate about helping clients prepare for their future and protect their loved ones. To schedule a free consultation, call 765-234-1783 or submit your information using the form on this website.