Everyone Needs Estate Planning
Most people think that wills and other estate planning documents are only necessary for “rich people.” And it is certainly true that people with wealth need to have a well thought out estate plan . . . But basic estate planning is important for everyone, even those with modest estates. Further, estate planning is absolutely essential for anyone with minor children, especially if you have a blended family (that is, you have children from a prior relationship, and have remarried, whether or not you have children with your new spouse).
Steve Combs, Andrea Jevic and their team are ready to meet with you, discuss your specific family and financial situation, as well as your goals for you and your family for the future. After obtaining this information, Steve and Andrea will assist you in coming up with a workable and reasonable estate plan.
Steve Combs, Andrea Jevic and their team are ready to meet with you, discuss your specific family and financial situation, as well as your goals for you and your family for the future. After obtaining this information, Steve and Andrea will assist you in coming up with a workable and reasonable estate plan.
What to Consider in Making an Estate Plan
Estate planning usually involves more than just having a will, although a will may be a vital aspect of your estate plan. Your plan should focus not only on how you want your assets distributed after you pass away, but also on other possibilities and eventualities, such as disability or other serious illness, and funeral and burial arrangements. Planning for these future events can save a lot of heartache and uncertainty for those closest to you, and make it more likely that your wishes will be honored.
Types of Documents Which May be in an Estate Plan
Your estate plan may include the following documents:
The focus of some of these documents is to allow you to have a say now as to how you wish to be treated in the event of incapacity or serious illness and to designate who should speak on your behalf if you are unable to speak for yourself. The focus of other estate planning documents is to allow you to provide for your family in the future, or in the event of your death.
- Will
- Designation of a Health Care Surrogate
- Durable Power of Attorney
- Living Will
- Designation of Pre-Need Guardian
- Trust
The focus of some of these documents is to allow you to have a say now as to how you wish to be treated in the event of incapacity or serious illness and to designate who should speak on your behalf if you are unable to speak for yourself. The focus of other estate planning documents is to allow you to provide for your family in the future, or in the event of your death.
