Estate Planning

Estate planning is different for everyone, depending on your asset level and family status. Some people may need a will while others may require a detailed trust. Everyone should have a healthcare surrogate and durable power of attorney. Your healthcare surrogate is a legal document that allows a designee to make certain healthcare decisions for you when you are no longer able to make those decisions for yourself. The durable power of attorney allows a designee to make financial decisions for you at any time. Those documents are key to preventing the need for expensive guardianships later in life should one be required. The living will is a legal document which allows a principal (yourself) to place into writing a document that specifically states your end of life desires with regard to your health care while you’re of sound mind to do so. Estate planning could also require the execution of a legally enforceable prenuptial or postnuptial agreement with your spouse or future spouse.