As The Motley Fool, a financial service company, mentions in their article, it is imperative to create an Estate Plan to distribute your estate according to your wishes, knowing your heirs will have no issues. That way, your mind can always be at ease that your legacy will be preserved.
Michael Aloi, the author of this article, points out 3 essential documents one should create:
Power of Attorney
A will outlines your wishes as to the distribution of your estate after your demise. Through this document, you can also appoint guardians should you have any underage children, make charitable bequests, and direct many other paramount issues. A living will, on the other hand, allows you to state any medical treatment requests should you become incapable of doing so yourself. A Power of Attorney allows you to appoint a person who will act as a representative in your stead should you become incapable. Together, these documents help protect you, your finances, and your family.
Danna & Associates, PC is a law firm that has specialized in Estate Planning and Elder Law since 1994. We possess over two decades of experience in creating an Estate Plan that’s perfect for you and your family, no matter what your specific situation may be! Call 718.273.0300 for your free consultation today!
Click here to read the article!