Your house is one of the biggest investments you will ever make and I want to be sure you and your home are in good hands. The plain and simple fact of living is that one day we will die. It’s sad but true. How do you protect your biggest asset - your home? Well, you have an estate plan.
Part of an estate plan is putting in place a living will- living will is important for your care if/when you are medically incapacitated and distribution of assets after your death. An estate plan should clearly define:
- Medical instructions including naming a medical power of attorney
- How to distribute your assets after your death
- Custody of minor children and disabled adults in your care
- Special requests for your assets such as naming a caretaker or leaving money for your pet(s).
What is an estate Plan?
An estate plan is a plan for your well-being if you are medically incapacitated and a plan for your assets after your death. Having an estate plan means you are taken care of even if you are unable to communicate. It also means your assets are distributed to named beneficiaries, the people you want to receive the assets. Without a will or estate plan, your estate will go to a probate court where a judge decides who will receive your assets, including your home.
What is included in an estate plan?
An estate plan is a comprehensive document to protect your assets and includes the following:
- · Will or depending on your assets a Trust
- · Living Will or Health Care Directive
- · Financial Power of Attorney
- · Life insurance and other insurance policies
- · Deeds to real estate
- · Bank and investment account information
- · Funeral Directive
Working with an estate planning attorney, you can organize all of these documents to protect your family and your assets in the event of your illness or death. For more information about Arizona estate planning, please contact Lori Woodward at Red Wagon
Law for pointers and to get your plan started. Lori has a seven-step plan to make sure your kids are protected and that is her specialty and her passion. Her legal expertise includes family protection, wealth preservation and values-based planning, as well as planning strategies for unmarried couples and divorced individuals. Whether you are married or single, with a traditional family or blended one, just starting out or looking back on a life well-lived. Lori will help you craft a plan that achieves your goals for your loved ones today and for years to come.
I know you can trust her with your plan for the future.
You can call her at 480-788-8010 or her website it http://redwagonlaw.com/