An estate plan is crucial to managing your asset base upon incapacitation or death the way you desire…so the courts do not do it for you.
An estate consists of all your property, including your home, furniture, vehicles, and other tangible personal property. Your estate also consists of your intangible property, such as bank accounts, stocks and bonds, pensions, insurance, and intellectual property. The most common elements of an estate plan include a will, assignment of power of attorney, a living will or health-care proxy, and, oftentimes, a trust.
If you neglect to make certain decisions regarding your estate, such as the care of your dependent children or how your financial assets will be dispersed, the courts will make these decisions for you—usually to the detriment of your heirs. More than simply drafting a will, an estate plan includes an examination of your financial assets to provide for your heirs the way you see fit, and guidance for your loved ones under a myriad of circumstances, including communication of your medical wishes or giving decision-making authority to a trusted relative.
How We Can Help
Baxter Legal Services can aid you in creating a plan for an effortless transition of assets to your designated beneficiaries. We will help you decide who will inherit your assets, who will handle your financial affairs if you are incapacitated, and who you want to make medical decisions for you if you are unable to make them for yourself. Creating a sound estate plan is a demonstration of a responsible and thoughtful legacy that will be appreciated by your loved ones.