It’s important that you understand the importance of planning your estate. Most people simply don’t bother because it’s such a touchy subject. However, it’s important that you speak with an Estate Law Lawyer in Bucks County. Let’s take a look at estate planning and how you go about planning one of your own.
Estate planning is simply a drawn out plan that clearly explains where your belongings will go once you’ve passed away. It involves everything from how your assets will be handled to where you’ll be buried. These are all of the things your family would have to deal with after your passing. By planning your estate you’re relieving your family of extra burden, and also having your wishes met after you’ve died.
The process for planning your estate is very simple, The first thing you’ll need to do is create a will. Your will essentially spells out details about who will inherit your belongings (i.e. cars, houses, money, stocks, etc.). If you have children, you can expressed who you’d like as their guardian if something were to happen to you. After you’ve finished planning your will you should consider a trust. A trust is simply a person who holds the title to all of your belongings, and this person could be you or someone else. Having a will and living trust can make things a lot easier for your family.
Often times, people will fall ill and will be in this condition for a very long time. If this was you, what would be your wishes while you are hospitalized? For instance, let’s say you are in a car accident and you become paralyzed, or even worse you become brain dead. You can choose a power of attorney to carry out any medical wishes you discussed ahead of time. Your power of attorney should be someone you know, and someone whose judgment you trust very well. You might want to consider an Estate Law Lawyer in Bucks County for this position.
As you can see, there aren’t many steps that you need to take in order to get started planning your estate. The Elder Law Offices of Harvey P. Abramson can help you when you’re ready to start planning for you and your family’s future.