Estate planning is a critical part of my philosophy that it’s best to take action to prevent legal troubles. You may need to establish a revocable living trust, living will and powers of attorney to prevent unforeseen legal problems.
Whether you have a large or small estate, proper planning will enable you, among other things, to:
- Help your heirs avoid the high costs and time delays of probate
- Appoint guardians for minor children
- Set up a trust for children or elderly parents
- Ensure that your health care wishes are honored
- Avoid a court-appointed conservator if you become incapacitated
- Minimize taxes on your estate
- Make the grieving process easier for your loved ones