If you want to draft an estate plan, you should seek out estate planning services from The Law Office of Wade Suthard. Having a proper estate plan in place can protect your loved ones and give you a peace of mind. A skilled lawyer can help you create a plan that reflects your wishes.
No matter what your age, creating an estate plan is crucial. Here are a few tips for creating a successful one:
- Determine If You Want a Will or Trust: The first thing you need to do is decide if you should have a will or trust. A will explains how you want your assets distributed after you die while a trust allows a trustee to control your assets during your lifetime. A will has to go through probate, but a trust doesn’t. An experienced estate planning lawyer can help you decide which option is best for you.
- Appoint a Healthcare Power of Attorney: A healthcare power of attorney is a document that gives a person permission to make important medical decisions on your behalf. If you should become mentally or physically incapacitated, you need a trustworthy person to abide by your healthcare preferences.
- Hire a Lawyer: Estate planning can involve many complexities, so you want to have an experienced lawyer from The Law Office of Wade Suthard on your side. He or she will be knowledgeable of all the estate laws in your state and can help you establish a thorough plan that protects your family members.
- Select a Guardian for Your Children: If you have minor children, you definitely want someone you trust to look over them if you should die suddenly. That’s why you should appoint a guardian in your estate plan. Ideally, this person should be financially secure, honest and share your views about raising children.
- Name Your Beneficiaries: To prevent your assets from ending up in the wrong hands, remember to designate beneficiaries. Include their full names, their relationship to you, their contact information and what assets you want to pass onto them. Keep in mind that you can change your beneficiaries at any time.
- Choose a Financial Power of Attorney: A financial power of attorney is a document that allows a person to make important financial and legal decisions on your behalf if you become physically or mentally incapacitated. This person can take over your bank account and other financial accounts and protect your assets. Having a financial power of attorney can help avoid family arguments.
If you’re looking for reliable estate planning services, look no further than The Law Office of Wade Suthard, P.C. We will help you create an estate plan that reflects your wishes and answer all of your questions and concerns.