Proactive estate planning can benefit all clients by ensuring their assets and finances are properly taken care of after their death. Without the proper planning and documents, probate court may lead to unintended distribution of assets. Estate planning also involves giving permission to family members or an attorney to carry out your wishes if you become incapacitated while still alive.
· Recognize Must-have Estate Planning Documents (Wills/Trusts, Letter of Intent, etc.)
· Learn how the probate process works and how to avoid it!
· Discern the impact of property titling of assets and probate exclusion
· Understand the pros and cons of Durable and Health Powers of Attorney