It is important for you to think about your future. While not everyone wants to think about what will happen when they pass away, it is still very important to do so. You will have assets that you want to pass down to your heirs, and you must make sure they are distributed accordingly. That is what makes an estate plan so important. What goes into your estate plan? Learn more about the most important components below, and make sure you work with a professional who can help you make sure that nothing gets overlooked.

Your Wills and Trusts

One of the most important components of your estate plan involves wills and trusts. You must make sure you have a last will and testament, and you need to make sure you have the appropriate beneficiary designations as well. This is where you will specify exactly what you want to happen to your property. This includes not only your bank account but also your cars, real estate, and anything else of value. If you have children who need to be taken care of, this could also be included in your will and trust.

We can work with you to set up a way to distribute your assets as efficiently as possible, avoiding potential probate fees and estate taxes. We want to help you put your estate in the best position possible to be distributed fairly, so reach out to us today.

Your Powers of Attorney

You may also need to have some powers of attorney included in your estate plan. For example, if you are incapacitated and unable to make medical decisions for yourself, who do you want to make them for you? Or, if you are unable to make financial decisions for yourself, who do you want to be responsible for them? This is where having a healthcare power of attorney and a financial power of attorney is critical.

You also need to decide who you want to be the executor of your estate plan, and we can help you make this important decision. This individual will be responsible for carrying out the wishes of your estate plan.

Contact the Dana Law Group for Your Estate Plan

At the Dana Law Group, we believe that everyone is entitled to a strong estate plan, and we can help you make sure that yours is set up for success. If you would like to learn more about how we can help you with your estate plan, contact us today to schedule a consultation.

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