Dear Attorneys,
What is an “estate plan?” I was listening to a podcast that said that every adult should have one, but I don’t even know what that means.
Sincerely,
Planning Confused
What is an estate plan? Writing down your wishes, everyone over 18 should have one-even if you don’t own anything, who do you want to manage things for you, do you want to be buried or cremated, etc?
Dear Planning,
An estate plan can mean a lot of different things, and will vary depending on what an individual’s needs are. That said, just about everyone over the age of 18 should have a basic estate plan. It is easy to draft a basic Last Will & Testament so that you can have your wishes documented. This often gives people peace of mind, but also allows for someone’s family to know that they are doing the right thing when a loved one passes. Even if you do not own property, or have children, you may want to specify where or how you are buried, or leave a few prized possessions to family or friends. You can also draft a medical directive, or living will so that your medical care is in line with your wishes or beliefs. Additionally, you can draft a power of attorney if you want someone to handle your affairs for you. Many people also incorporate trusts, or even business documents.
Wolf & Shore Law Group has been drafting basic estate plans for over 12 years. We are here to make handling this aspect of your planning as easy as possible. Call us if you have any questions about how to get started on your estate plan, or even if you have a current estate plan that you need to modify. Ever argue with a woman? Let Wolf & Shore Law Group go to work for you. Call us at 203.745.3151 or email us at info@wolfandshorelaw.com.
Very Truly Yours,
Wolf & Shore Law Group