If you’re physically or mentally incapacitated, will the people you trust be able to make medical decisions on your behalf? Who will get your assets after you’re gone? Without an estate plan, the courts will make these crucial determinations for you, potentially causing bitter conflicts between family members with results you wouldn’t have chosen. A comprehensive estate plan typically includes several documents designed to empower your loved ones and ensure that your wishes are respected.

What Your Estate Plan Needs

1. Will or Trust

Wills and trusts are both vehicles for transferring assets to your heirs, either through the probate court or a separate legal entity. While a will takes effect following your death, a trust is enacted as soon as you create it. Without a will or trust, your belongings will be distributed according to a formula contained in state law, potentially sparking family arguments and expensive lawsuits.

2. Living Will

If you’re unable to communicate with your health care providers, a living will allows you to leave instructions about end-of-life care. In this document, which has legal effect while you are still alive, you may consent to certain medical procedures, make decisions about artificial life support, and describe what outcomes would be acceptable.

3. A Durable Power of Attorney

Powers of attorney are an essential part of estate planning, giving those you trust the legal authority to act and make decisions on your behalf. For instance, you may give your spouse medical power of attorney so they can make vital health care decisions while empowering a business partner to manage your financial affairs until you recover.

4. Funeral or Memorial Instructions

Many people leave memorial instructions in their wills, but your loved ones may not read those documents for weeks or even months. Instead, you should write directions and wishes down separately, and leave several copies with friends, family members, and your estate planning attorney.

Estate planning can be overwhelming and daunting, but the legal team at Smith & Tabor Attorneys At Law have the skills and experience to guide you through every step of the process. Since 1985, they’ve provided detailed, compassionate service to clients throughout Stephens County, GA, giving everyone the personal attention these important matters deserve. Visit their website for more on their estate planning services, follow their Facebook for legal tips and updates, or call (706) 886-5141 to speak with an attorney and schedule a consultation.