You Need to Act NOW

First, you need to chalk out a plan about what your goals are with the help of a legal document assistant. Based on your needs and goals, your Will or a Living Trust will be created within a much shorter period of time than at a busy attorney’s office and at a fraction of the cost.
Estate planning typically reduces estate taxes and fees; helps create plans regarding your healthcare or treatment whether you would like to be on life-support in a serious illness. You can assign a trustor and a successor trustor to manage your finances if you became incapacitated in any way, a guardian for your minor children, and create a durable power of attorney naming someone you trust, to carry out the functions of your trust if you are not there, for any reason.

You can also itemize how you want your property distributed among your heirs after you die or if you want to disinherit someone, as well as you can create a plan for the care of minor or disabled children. In short, you must have an estate plan if:

1.  You have sufficient property that you want certain heirs to inherit. 
2.  You are concerned about your treatment options should you become seriously ill.
3.  You have minor or a disabled child.

​To be continued…