Estate Planning concerns taking control of what happens to your property and assets after your death, as well as making decisions about your future healthcare. No matter your age or current state of health, you should make sure your estate plan is up to date and valid. All Estate Plans Should Include At Least Four Important Documents:
- Last Will and Testament allows you to specify where you want each of your assets to go upon your death. If you do not have a valid Will at the time of your death, the court will direct the distribution of the estate in accordance with state law. A Will may also specify the guardian of minor children upon the death of both parents. Contrary to popular belief, family members do not automatically get custody of children.
- Living Will - determination by you before you become terminally ill or permanently unconscious on how you want your health care professionals to treat you.
- Healthcare Power of Attorney - allows you to appoint a health care agent to make necessary health care decisions on your behalf if you are incapacitated.
- Springing Durable Power of Attorney - allows you to appoint an agent, your attorney-in-fact, to act on your behalf to manage your affairs and assets, in the event you are unable to manage them yourself. This type of Power of Attorney remains valid in the event you become disabled or incompetent.
To learn more about your estate planning options, please call or email any of our offices to schedule an appointment. So, Don't Worry, Call Murray!