Who needs an estate plan? The short answer is: “everyone.” Well, almost everyone. If you have assets (personal property, real property, bank accounts, retirement and/or investment accounts, vehicles, etc.) then you should seriously consider preparing an estate plan so that whatever you own will be passed down to the persons to whom you want.
The two main types of estate plans are Wills and Trusts. Most people have heard these terms but generally have only a vague idea of what they are or how they differ from each other. This is where we come in. Our job is to listen to our clients, assess their needs and educate them as to what type of plan would be the best fit based on their circumstances.
In addition to a Will or Trust, a comprehensive estate plan should include a Power of Attorney (to appoint somebody to handle your assets) and an Advance Directive (to appoint somebody to handle your personal and health care) so that a trusted family member or friend can be in place to manage your affairs during your lifetime, if needed.
