Have you sat down with an elder law attorney to discuss your estate plan? If you haven’t you should soon. While there are many services that offer you the ability to set up a will, there is much more to an estate plan than that. Here are some of the things that should be included in your estate plan.
Is Your Plan Up to Date?
Many people set up an estate plan then forget about it. This can lead to assets being left to ex-spouses or children who have unfortunately passed before their parents. The legal issues that this can cause will bring more stress and anxiety to your family who are already going through a tough time. An elder law attorney can help to ensure that your plan is up to date and stays up to date.
Unforeseen Circumstances
Does your estate plan cover the unexpected death of you or your spouse? Would your plan change if one of you died unexpectedly? What about having power of attorney assigned should something happen that incapacitates you and your spouse?
Unforeseen circumstances like these should always be covered in your estate plan. Issues like these can become a legal quagmire that costs your estate a large amount of money to get untangled. Make sure that your estate plan covers the most common, and even some uncommon unforeseen circumstances.
For legal assistance in setting up an estate plan, contact the elder law experts at Stano Law group today.
Leave A Comment