6 Essential Estate Planning Tools

6 Essential Estate Planning Tools

Posted By Owenby Law, P.A. || 7-Jul-2016

More than half of American consumers do not have a will, and nearly 70 percent of parents with children under the age of 18 don’t either. Although many people understand the importance of creating an estate plan, following through can be a challenge. Usually, this is because people are unfamiliar with estate planning tools and are hesitant to reach out to an attorney. In the interest of helping you feel more comfortable with estate planning, we’ve created a list of things that a good estate plan should include, as well as why you need them.

If you have questions or would like to get started creating your estate plan, please feel free to contact a Jacksonville estate planning lawyer at Owenby Law, P.A. We’re here to help!

Here are some of the items that comprise a good estate plan:

  • Living will. This tool clearly establishes your health care plans and future medical needs while you are still alive.
  • Wills. A will enables you to determine how your assets will be distributed and who will manage the distribution.
  • Health care surrogate. You give another person the power to make decisions about medical care during your incapacity.
  • Durable power of attorney. This can be established to provide oversight of your assets if you become incapacitated.
  • Trusts. Creating a trust can ensure your assets are passed on to beneficiaries in an efficient and reasonable manner.
  • Guardianship. Establishing a guardianship can ensure that your children are cared for if you become incapacitated.

Jacksonville Estate Planning Attorneys with 10+ Years of Experience

It’s always a good idea to make sure that your family will be taken care of by preparing an estate plan. While it’s easy to put these types of things off, it is extremely important to take care of it sooner rather than later. There is no need to fear the legal process – call our firm today to speak with a member of our caring staff. Our goal is to help you create a solid plan that will provide you will peace of mind.

Schedule a free initial consultation with our team when you call (904) 770-3141.

Categories: Estate Planning
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