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The basic estate planning documents include:<\/p>\n
A will:<\/strong> A will is a legal document that outlines how you want your assets to be distributed after your death. It also allows you to name a guardian for your minor children.<\/p>\n A living trust:<\/strong> A living trust is a legal arrangement that allows you to transfer your assets to a trustee to manage for your benefit during your lifetime and for the benefit of your beneficiaries after your death.<\/p>\n A power of attorney:<\/strong> A power of attorney is a legal document that allows you to appoint someone else to make decisions on your behalf if you become incapacitated.<\/p>\n A healthcare directive:<\/strong> A healthcare directive is a legal document that outlines your wishes for medical treatment in the event of your incapacity.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”What is probate? ” title_tablet=”What is probate? ” title_phone=”What is probate? ” _builder_version=”4.18.0″ global_colors_info=”{}” open=”off”]<\/p>\n Probate is the legal process of distributing a deceased person’s assets to his or her heirs. The probate process can be time-consuming and expensive, and it can also be public.<\/p>\n This article is for general informational purposes only and is not legal advice. Contact us today to discuss your specific situation.<\/em><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How can I avoid probate? ” title_tablet=”How can I avoid probate? ” title_phone=”How can I avoid probate? ” _builder_version=”4.18.0″ global_colors_info=”{}” open=”off”]<\/p>\n There are a number of ways to avoid probate, including:<\/p>\n Creating a living trust:<\/strong> Assets that are held in a living trust will generally pass to your beneficiaries without going through probate.<\/p>\n Using beneficiary designations:<\/strong> Many assets, such as retirement accounts and life insurance policies, can be transferred to beneficiaries through beneficiary designations. This will avoid probate as long as the beneficiary designations are properly completed.<\/p>\n Titling assets jointly:<\/strong> If you own assets jointly with another person, those assets will pass to the surviving joint owner upon your death, without going through probate.<\/p>\n This article is for general informational purposes only and is not legal advice. Contact us today to discuss your specific situation.<\/em><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”What are the benefits of having an estate plan? ” title_tablet=”What are the benefits of having an estate plan? ” title_phone=”What are the benefits of having an estate plan? ” _builder_version=”4.18.0″ global_colors_info=”{}” open=”off”]<\/p>\n There are many benefits to having an estate plan, including:<\/p>\n This article is for general informational purposes only and is not legal advice. Contact us today to discuss your specific situation.<\/em><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How much does estate planning cost? ” title_tablet=”How much does estate planning cost? ” title_phone=”How much does estate planning cost? ” _builder_version=”4.24.2″ hover_enabled=”0″ global_colors_info=”{}” open=”off” sticky_enabled=”0″]<\/p>\n The cost of estate planning will vary depending on the complexity of your plan and the experience of your attorney. However, estate planning is typically a very affordable investment in your future.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How do I choose an estate planning attorney? ” title_tablet=”How do I choose an estate planning attorney? ” title_phone=”How do I choose an estate planning attorney? ” _builder_version=”4.24.2″ hover_enabled=”0″ global_colors_info=”{}” open=”off” sticky_enabled=”0″]<\/p>\n When choosing an estate planning attorney, you should consider:<\/p>\n The attorney’s experience:<\/strong> Choose an attorney who has experience in estate planning law.<\/p>\n The attorney’s fees:<\/strong> Get an estimate of the attorney’s fees upfront.<\/p>\n The attorney’s communication style:<\/strong> Choose an attorney with whom you feel comfortable communicating.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How often should I review my estate plan? ” title_tablet=”How often should I review my estate plan? ” title_phone=”How often should I review my estate plan? ” _builder_version=”4.24.2″ hover_enabled=”0″ global_colors_info=”{}” open=”off” sticky_enabled=”0″]<\/p>\n Your estate plan should be reviewed at least every five years, or more frequently if you experience significant life changes, such as a marriage, divorce, or the birth of a child.<\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”What are some common estate planning mistakes? ” title_tablet=”What are some common estate planning mistakes? ” title_phone=”What are some common estate planning mistakes? ” _builder_version=”4.24.2″ hover_enabled=”0″ global_colors_info=”{}” open=”off” sticky_enabled=”0″]<\/p>\n Some common estate planning mistakes include:<\/p>\n\n
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