The Importance of Creating an Estate Plan

The Importance of Creating an Estate Plan

Posted By Owenby Law, P.A. || 19-Feb-2016

When you are enjoying your prime years in good health, it is understandable that estate planning is not at the forefront of your attention. Certainly, it can be unpleasant to think about a time when you will no longer be able to care for your loved ones, but it is nonetheless important to make these considerations before it is no longer possible. It is never too early to start thinking about creating an estate plan – the sooner you begin work on your plan, the sooner you can enjoy the peace of mind that comes from knowing your family will be provided for when the time comes. Waiting until it is too late robs you of the chance to organize your wishes and create a clear plan for how to uphold them.

A well-composed estate plan will spare your family the probate process and other time and resource-consuming legal complications after your passing. At Owenby Law, P.A., we have years of experience helping people create strong and comprehensive estate plans, and are prepared to meet with you to discuss your many options.

Your estate plan should include the following elements:

  • Living will: A living will establishes your healthcare plans for any future medical needs, including life-or-death decisions if you become incapacitated.
  • Will: Your will determines how your property and assets are to be distributed after your death, as well as who will be in charge of your estate.
  • Trusts: Trusts ensure that your assets are passed on to your beneficiaries in a logical, reasonable, and efficient manner.
  • Durable power of attorney: Durable power of attorney can be established to provide oversight of your assets and financial health if you should become incapacitated.
  • Health care surrogate: The health care surrogate you name will have the legal power to make any decisions regarding any medical care you receive if you are incapacitated.
  • Guardianship: Establishing guardianship can ensure that your children are cared and provided for if you should become incapacitated.

Estate Planning Lawyers in Jacksonville

Owenby Law, P.A. takes a meticulous approach to estate planning and is committed to ensuring that no detail is overlooked in drafting your plan. No matter how complex your estate, we have the knowledge, experience, and skill necessary to help you proactively plan for your family’s future.

For more information on estate planning, speak to a Jacksonville estate planning attorney at our firm today. Free consultations are available when you call (904) 770-3141.

Categories: Estate Planning
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