People don't like to think about their own passing and they put it off for as long as possible. However, there's no telling when life will take an unexpected turn and your death, severe illness, or a debilitating illness can happen at any time. While you may not want to think about these eventualities, it's important to be prepared for them.
Visiting an estate planning attorney Marion County WV can help you do that. The most obvious reason to consult an estate planning lawyer is to set up a will and make arrangements for the distribution of your estate. Although you can download a will template and complete it yourself, there may be complexities that will be overlooked. An attorney will know the best methods for making sure your final wishes are carried out after your passing. This may involve setting up a living trust in addition to a will, so certain assets won't be tied up in probate. This can help make sure your beneficiaries receive their inheritance sooner.
An estate planning attorney can help you with arranging other plans as well. If you become incapacitated due to illness or injury, you may need to rely on others to oversee your medical care or financial matters. If you don't plan for this type of situation, the courts may choose a power of attorney for you and it may be someone you mistrust. Setting up medical and financial powers of attorney help you choose who will handle your affairs. The medical power of attorney has the authority to make decisions concerning your care, while a financial power of attorney will oversee your finances while you're incapacitated.
There are more ways that your estate planning attorney can help you, including arranging for your senior care and retirement. The laws regarding all of these issues are complex and failing to make these plans ahead of time can leave your affairs in the hands of the state. Consulting an attorney will ensure your last wishes are carried out and the loved ones you leave behind will be cared for according to your desires.
COMMENTS