As an adult, there are certain affairs that you need to have in order for the future. This can ensure that you have a plan, and it can make things easier for loved ones. Estate planning gives you control over your estate and allows you to make important decisions and legally outline them. When you forget to plan or put it off, your estate may not be handled as you wish. Meeting with an estate planning attorney, like those represented at http://wolfleylawoffice.com/, is a good way to make sure that your wishes are respected and your plans are legally outlined. Here are the reasons having an estate plan is a must:
Protect Your Kids
When you have kids who are under 18, they depend on you for daily love and care. Using a will, you can make sure that they're well cared for, even if you're no longer able to be there. You want to make sure that you're the one who chooses a guardian for their care, and by doing your own estate planning, you can make that happen.
Have Total Control Over Your Affairs
When you do your own estate planning, you can have total control. Individuals who don't take time to plan do not have this control. Each state has its own laws in place as to how decisions and affairs are handled after someone dies. When you don't plan, the law is followed, and it may not be what you had in mind. Make sure that you're the one making big decisions.
Prepare for Medical Emergencies
Medical and health emergencies do happen, and they often happen unexpectedly. If you're no longer able to make important medical or financial decisions because of a medical emergency, you'll want someone you trust there to make decisions for you. An estate plan gives you the tools to outline who that person is and what they can control. This can ensure that you get proper medical care and that you continue to have access to your own money.
Have Greater Peace of Mind
You'll feel good knowing that your affairs are in order and that you've taken the time to outline your wishes. This can allow you to live life without fear!
As you can see, estate planning is a must, and it shouldn't be put off or forgotten about. Meet with an estate planning attorney to learn more about how you can outline your wishes. You'll be glad that you took the time to plan, and it will make life easier for your loved ones later, too!