Establish Your Values with an Estate Planning Attorney in Lakewood Ranch

One of the hardest decisions in life is establishing an estate plan and deciding on how your assets will be disbursed and to whom, knowing who will make the tough decisions when you cannot make them yourself, and what type of care you want and don’t want during your final years. We get it. It’s not everyone’s favorite things to do, but it is crucial to have a plan in place. The alternative –allowing someone else whom you don’t know, such as a government official, make those calls for you. It happens more often than you might realize. For better plan contact an estate planning attorney Sarasota Florida who specializes in elder care and estate planning services.

Each estate plan differs just as each individual and situation differs. We customize an estate plan to meet your needs and your goals. That way, you have a plan that’s right for you – not too complex, but not so plain that you and your assets are at risk either.

It’s common for many people to have a last will and testament, but in truth, a will is a very small part of an estate plan. Although having a will is an excellent place to start, stopping there may leave gaps in protection and place aspects of your life-care or your assets at risk. No one else should make the calls for you other than someone whom you know, trust, and name in a legal document. Powers of attorney – financial powers and medical powers are two more essential pieces to a great estate plan, and they give you a voice in whom you want to make tough financial and medical decisions when you cannot.

Additionally, if one of more of your heirs struggles with spending or maintaining a budget, a trust might be a good option. There are a few different kinds of trusts and your attorney will help you select the one that makes sense for your situation.

These are a few of the documents that go into an estate plan, but they are far from the only decisions you can choose from. Call our estate planning attorney Sarasota Florida today to schedule a free consultation and see what an estate plan can do for you.

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