Wahoo, Nebraska

What Is Included in Estate Planning? November 12, 2018

Wahoo, Saunders
What Is Included in Estate Planning?, Wahoo, Nebraska

Estate planning is undoubtedly overwhelming. However, like most challenging tasks, it becomes more manageable when divided into smaller objectives that can be tackled individually. With that in mind, here are some of the most essential documents you should prepare to assist your loved ones in the event of your death or incapacity.

A Last Will & Testament 

A will is the foundation of estate planning. In this document, you can establish guardianship for any minor children, name an executor, bequeath assets to beneficiaries, and leave money to your favorite charities. If you were to pass without a will in place, your property would instead be distributed according to the formula set out in state law, which may or may not reflect the true state of your relationships or wishes. If you would like, you can also specify arrangements for your funeral, therefore, taking that burden off loved ones who will already be going through a grievous time.

A Financial Power of Attorney

estate planningIf you were ever to become incapacitated, who would handle your economic affairs? While the matter might be uncomfortable to think about, creating a financial power of attorney empowers someone to make monetary decisions on your behalf under extreme circumstances. This, in turn, will help your family with matters such as paying for your medical bills and maintaining the home in your absence.

A Medical Power of Attorney

A medical power of attorney is similar to a financial POA, but instead of naming another person to manage your home and business assets, you are declaring who should make health care decisions for you. It should, however, always be accompanied by a living will, which states your preferences regarding matters like end-of-life care.


If you need help drafting any of the documents mentioned above, turn to the estate planning team at The Law Offices of Bromm, Lindahl, Freeman-Caddy & Lausterer. Located in Wahoo, NE, this firm has been counseling clients throughout Saunders County since 1983, and their AV Preeminent rating from Martindale-Hubbell® illustrates their commitment to excellence. To learn more about their services, visit their website, or call (402) 443-3225 to discuss your needs with a lawyer today. 

Other Announcements, Events and Deals from The Law Offices of Bromm, Lindahl, Freeman-Caddy & Lausterer
3 Tips to Prepare for Alzheimer's, Wahoo, Nebraska
Evidence suggests that genetics play a significant role in the development of Alzheimer's, increasing the risk for individuals who have a family history of the disease. It may be tou...read more
How Can a Letter of Intent Impact Estate Planning?, Wahoo, Nebraska
Similar to a will, letters of intent are crucial estate planning documents. They detail all of the instructions you want to be carried out after your death. This information is ...read more
3 Ways to Approach Estate Planning With Your Parents, Wahoo, Nebraska
A will and other aspects of estate planning protect your financial interests upon your passing. However, no one wants to think about their mortality, which is why so many individuals...read more
How a Lawyer Can Help You Navigate Mergers & Acquisitions, Wahoo, Nebraska
Combining two separate businesses into one is a complicated process—whether it is in the form of a merger or an acquisition. An accomplished lawyer will help guide a business ow...read more
3 Reasons to Update Your Will, Wahoo, Nebraska
Many people assume that once they have a will drafted, they no longer have to think about estate planning. However, your assets and relationships change over time; so should thi...read more