While considering possible disasters can be an uncomfortable topic, putting a plan in place for these scenarios is essential for protecting your assets, your loved ones, and yourself. A comprehensive estate plan gives you control over your affairs, reducing uncertainty and making the experience easier for your loved ones. Below are a few reasons to see an attorney about drawing up an estate plan.

What’s the Value of Estate Planning?

1. Make Your Own Healthcare Decisions

A comprehensive estate plan should include a living will, which communicates your end-of-life healthcare wishes to your doctors. These documents allow you to grant or withhold consent for certain medical procedures, express your wishes regarding life support, and make clear what you consider acceptable outcomes.

2. Have a Trusted Person Manage Your Affairs

If an accident or illness leaves you physically or mentally incapacitated, who will manage your finances or make important medical decisions? Having a legal document listing your powers of attorney will ensure those you trust will have the authority to sign contracts in your name, work with your doctors, or handle your assets.

3. Decide How Assets Are Distributed

You likely have valuable belongings or assets you would like to pass on to friends or family members after you’re gone. However, no matter how many times you’ve verbally expressed those intentions, writing a will is the only way to ensure your instructions are followed. Without it, your belongings will be distributed according to your state’s laws, and not necessarily your wishes.

Drawing up an estate plan is a crucial but complex process, so you’ll need the guidance of an attorney. With over 90 years of combined experience serving clients throughout North Carolina’s Carrabus County, Ferguson, Hayes, Hawkins & DeMay, PLLC offer the personal attention and legal expertise you deserve.  Visit their website for more on their estate planning services, and call (704) 788-3211 for an attorney consultation today.