Benjamin Franklin has been credited with the adage, “if you fail to plan, you are planning to fail.” Regardless of who actually said it, the meaning is the same. Estate planning is all about preparing for the future, no matter what happens. McCool Law helps Boise area families plan for the future with proper estate planning.
Estate Plans usually include wills, trusts and other instruments designed to carry out your wishes in the event of your death or disability. You’ve worked hard your entire life. Estate planning makes sure your legacy is protected when you can no longer speak for yourself.
WILLS AND TRUSTS
Wills and trusts are some of the most common legal instruments used to ensure the proper distribution of your assets after you pass. Most people only need a simple will, however, having trust, will help ensure you stay out of the probate system, which allows the process to remain private.
HEALTH CARE DIRECTIVES
Health care directives are put into place before they’re needed to allow you to speak for yourself when it comes to issues like remaining on life support and who can make those decisions for you if necessary. Without health care directives, you are at the mercy of the system that may not always have your best interest at heart. Also, not having a Living Will can often cause unnecessary family strife at an already stressful time.
POWER OF ATTORNEY
A Power of Attorney, or POA, allows someone to assume your responsibility in many aspects of life. In Estate Planning, a POA is typically used for making important financial decisions on your behalf should you become incapacitated in some manner. Someone will need to pay your bills, deal with investments, taxes, etc. Without a POA in place, your financial affairs could slip into delinquency, and your family may be forced into an expensive and time consuming Court process.
There are many questions to be considered when establishing an Estate Plan. Contact our Boise law office today at 208-963-8100 to schedule your free Estate Plan consultation!