Estate planning 101: what you need to know

Thinking about what you want to happen at the end of your life or after you are gone is probably something you would rather avoid. It can make you and your loved ones feel uneasy, and you might just prefer to ignore the whole situation.

However, avoiding or ignoring it will not make the situation go away. In fact, never addressing the subject could just make matters worse for you and the loved ones who will be left to make decisions they'd rather not make and cope with questions that are left unanswered. While it can be a challenge, creating an estate plan can be one of the most helpful things you do for yourself and your family.

If you are still a little hesitant, it might help to approach estate planning as simply that: planning. We make plans all the time. While it can certainly be more difficult to discuss end-of-life plans, looking at it as something more like retirement planning or buying insurance can make it more approachable and less fear-inducing.

It can also be helpful to know the basic documents you'll need as part of your plan. While every plan is different, essentially, you will want to make sure your financial, medical and personal wishes are established and protected. To do this, you should have a:

  • Will
  • Durable power of attorney
  • Designated health care proxy
  • Living will

Finally, you should understand that you do not need to tackle all this on your own. While this shouldn't be a process to be scared of, it can be intimidating. Thankfully, there are estate planning attorneys who can guide you through these steps and help you assess your options to create a plan that is comprehensive, clear and legally enforceable.

Source: FindLaw.com, "What is Estate Planning?" accessed on April 12, 2016

No Comments

Leave a comment
Comment Information

Upcoming Workshops

3 Easy Steps To Protect Your "Stuff" This workshop addresses frequently asked questions and common misconceptions on Wills & Trusts, Asset Protection, Nursing Home Issues, and Medicaid Qualification.

Join Now! More Workshops

Call Us Today To Schedule A Consultation

We are ready to help you start planning. To schedule an initial consultation, call us at 770-822-2723 or 866-735-9628. You may also contact us online.

ESTATE PLANNING LAW GROUP OF GEORGIA,

Johns Creek Office
11555 Medlock Bridge Road, Suite 100
Johns Creek, GA 30097

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions

Lawrenceville Office
1755 North Brown Road, Suite 200
Lawrenceville, GA 30043

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions

map

How can we help you?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close