Estate planning is not only a plan for when you are gone; estate planning is a plan for providing for your own physical care, financial well-being, as well as providing income, and preserving assets.
An estate plan includes documents such as a power of attorney and advance health care directive. The power of attorney allows you to designate someone you trust to be responsible for your financial affairs if you should become too ill to manage them on your own.? A power of attorney has to be signed before you become ill though so it is something you should do sooner than later.? Once you sign the power of attorney you can rest assured that your accounts will be managed and protected, your bills will be paid, and your insurance claims will also be managed. Joint bank accounts may also be a good estate planning strategy for some individuals depending on their circumstances.
An advance health care directive authorizes someone to make health care decisions on your behalf when you are too ill to make them for yourself. It also specifies your wishes with regard to what medical treatments you wish to have under different circumstances and what kind of life-saving measures you want, or don?t want, doctors to provide.
In addition to authorizing others to help you when you are incapacitated, an estate plan can establish trusts which can provide income to you or loved ones while allowing you to control who will ultimately benefit from the principal of the trust.
Estate planning should be a comprehensive strategy for maintaining control of your finances, your health, and the care of your dependents now and well into the future. An experienced estate planning attorney can provide you the individual attention you deserve in creating a plan uniquely tailored to your goals and your budget.
Getting Legal Help
Experienced California Estate Planning Attorney Shannon Howell can help you create a plan to protect your assets and your loved ones. Contact us today to discuss your individual planning needs at (619)-739-4657.
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