You have an estate...everyone does. No matter how large or small, everyone has an estate and you can't take it with you when you die. Everyone over the age of 18 should have a will. If you die without an estate plan, your assets will be distributed according to the probate laws in your state. Wouldn't you prefer these matters be handled by your family and not by the courts? Wouldn't you want to control who received what and when? And, wouldn't you want to choose who should raise your children in the event you couldn't? Even if you don't have much property, it will cost less to settle your affairs if you have a will that is done properly.
Estate planning isn't just about your will. Powers of attorney, funeral arrangements, making provisions for dependents and probate are just a few reasons to start thinking about your estate plan. We are all going to leave this world one day and unfortunately we can't predict how long we will live. So, don't wait. Knowing you have a plan in place and can change it as needed will give you and your family peace of mind.
Those who are able, should sign powers of attorney to avoid the need for a guardianship in many cases later in life. However, for those who become mentally incapable to handle their own affairs, whether due to old age, disease, or accident, often a guardianship is the only legal solution.
Our office prepares simple wills at a flat rate of $400. It is recommended to have a statutory power of attorney, a medical power of attorney, and a directive to physicians. We can prepare "do-not-resuscitate" (DNR) orders if desired, and designate a person to control the disposition of remains. Contact us today for an appointment.