Nobody likes to think about death. However, planning for an unexpected tragedy will give you security and peace of mind. It will also save your loved ones time and stress during a very difficult situation. The act of getting your affairs in order in the event of your death is called estate planning. Below, we will explain what this process entails and how a lawyer can help.
What is Estate Planning?
Estate planning is when a person makes plans for what happens to their belongings after they pass away. Belongings can include physical items, property, money, and other things. Every person’s estate is different, which means every person will have different estate planning goals. People with children can assign guardians and establish power of attorney at this time. Other people will have financial concerns and might want to assign a certain person to make financial decisions on their behalf after they die. In the end, estate planning is very personal and depends on a person’s individual wishes.
Different Types of Documents
There are many different documents that can be created during the estate planning process. These include both wills and living wills, trusts, and power of attorney documents. These documents will vary depending on the size of your estate, the assets involved, and your end-of-life wishes.
Why You Need a Lawyer
Because this process is so personal, you might be tempted to create these documents on your own. However, it’s best to hire a professional. These documents must be completed correctly. This is the only way to guarantee that your wishes are met after death.
Planning You Can Trust
Estate planning can be overwhelming, but the attorneys at Edwards Law Firm PLLC can help you through the process. We have handled all different types of estates. We will create a plan for your family that meets your wishes and personal needs. Don’t wait until it’s too late to plan for the future. Call us for a free consultation today.