When you pass away, your loved ones will have to make a variety of critical decisions, some of which can cause confusion and friction. Comprehensive estate planning allows you to make these choices in advance, making your preferences legally binding. Whether you own considerable assets or just a small savings account, estate planning will give you control over how your belongings are distributed after your death.
What Is Estate Planning?
A strong estate plan includes a variety of tools that help ensure that your wishes are respected when you’re unable to express them. Your estate plan should include a will that describes who should receive which assets after you’re gone, as well as powers of attorney empowering others to act on your behalf if you’re mentally or physically incapacitated. An advance medical directive allows you to leave detailed instructions regarding the type of medical care you receive if you’re too badly hurt to communicate with your health care providers.
Why Does It Matter Now?
Without an estate plan, your family members will be left trying to decide what you would have wanted, often leading to bitter disagreements about property distribution and medical care. The probate court will distribute your assets to your blood relatives without taking into account which relationships were most important to you. If you’re seriously ill or badly injured, your spouse or business partners may be unable to manage your affairs without a durable power of attorney giving them the authority to sell property and enter contracts on your behalf.
Whether your estate is straightforward or extremely complex, the legal team at Cada Cada Hoffman & Jewson in Lincoln, NE, will ensure that your wishes are respected after you’re gone. They understand that no two families are exactly alike, so they provide customized solutions tailored to your unique needs. For more on their estate planning services, visit their website or follow the law firm on Facebook, and call (402) 477-2233 now to schedule a consultation with a member of their team.