It’s the start of a new year; a great time to start a new workout regimen, de-clutter your house, and make personal improvements that will carry you for the rest of your life. It’s also an excellent time to mark an important item off of your to-do list that you have been procrastinating on for a while now: getting your estate plan done.
No, it’s not the most exciting item to cross off your list. Nobody wants to think about the inevitable. But having an estate plan is about more than that. It’s about protecting your family, your loved ones, and yourself in variety of possible scenarios. Listed below are some of the components of an estate plan and how they can be beneficial to you:
- A Simple Will – not only describes how you’d like your assets distributed, but also describes who you’d like to leave in charge of any minors under your care or any adults you may be serving as guardian for.
- The Medical Power of Attorney – outlines who you want making medical decisions on your behalf in the event you are unable to do so
- The Durable Power of Attorney – outlines who you want making financial decisions on your behalf in the event you are unable to do so
- The Directive to Physicians – outlines your desire to be or not be put on life support
- The Declaration of Guardian – describes who you want to be named guardian (take care of you) in the event you are unable to physically or mentally do so yourself
- The HIPAA Waiver – describes who you want to have access to your medical records in the event of an emergency
As you can see, estate plans protect you and your family in varying circumstances.
Getting your estate plan done does not have to be a painful process. In fact, with a good estate planning attorney, it can be a positive experience and leave you with a sense of relief that you have finally gotten rid of that one item looming over your head.
And it doesn’t have to cost you a fortune. The Schwartz Law Firm has made getting your estate plan done more affordable than ever. Click here to learn about our current estate plan specials.