When creating an estate plan, it is important to look at all the planning devices that can be used to create a plan that accomplishes all of your goals. In making the decision on what planning devices can be used, you should think about who you would like to be the guardian of your children if something were to happen to you, what you would like to happen to your assets, who would make medical decisions on your behalf if you are unable, and who can handle financial matters if you are unable to do so yourself.
Here are some examples of different estate planning devices:
1. Revocable Living Trust
2. Will or Pourover Will
3. Durable Power of Attorney
4. Advance Healthcare Directive
These are just a few examples of devices used in creating an estate plan. It is important to talk with an attorney to determine what options may be best for you. Call today for your free initial consultation.