How To Protect Your Family With The Help Of A Tri-County Area Estate Planning Attorney
by Mark Marabut
All too often families avoid decisions which can seriously affect their future. There are many important elements that contribute to estate planning. A Tri-County Area FL Estate Planning Lawyer is able to help you with all these issues.
The first most important thing to do is draft a will. This will must name a guardian for any children under 18, as well as an executor of the estate. Ask your lawyer about the creation of a minor's trust, which ensures that any assets left to your children will be saved until they reach the age of majority (usually 18). Step two is to have either a living trust or a trust within the will.
Wills are very important but sadly these are not always considered or planned for. This must include a named guardian for any children under the age of eighteen and an executor for the estate. It is also possible to create a minor's trust which insures any assets until your children are no longer minors.
Another important element is power of attorney, assigning an individual to write check on your behalf if you are not able to do so. You can also choose a medical power of attorney which allows a person you assign to make crucial decisions on your health care.
Another important element is an advance directive. This allows you to make a statement on all end of life preferences. This includes whether a respirator or feeding tube will be used. Details under this provision include do not resuscitate wishes and medical power of attorney. You should also update all beneficiaries and make sure that your life insurance is sufficient.
Keep insurance policies, tax returns, mortgage papers, Medicare cards, etc. In one place. Finally, keep the original will with your lawyer, not in a safe deposit box. The choice of a lawyer is an important decision and should not be based solely upon advertisement.
If you are looking for the facts about a <a href="http://www.trustwallach.com/">Tri-County area FL estate planning lawyer</a>, come to our web pages online today. More details are available at http://www.trustwallach.com/ now.
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New Unique Article!
Title: How To Protect Your Family With The Help Of A Tri-County Area Estate Planning Attorney
Author: Mark Marabut
Email: jaadenator@gmail.com
Keywords: Tri-County Area FL Estate Planning Lawyer,Estate Planning,Financial Planning,tax law,legal profession,Health care,legal,law
Word Count: 317
Category: Legal
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