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Many individuals avoid the process of planning for the time they may become incapacitated or they die. This is because they feel the process is very uncomfortable for them and their family because of the subject matter. Others find a great deal of comfort in estate planning because they make their wishes known and they know that they will be making matters much easier on their family when faced with very difficult situations that would require difficult decisions. It is a very sensitive area, but it is a necessary one.
If you have not yet established an estate plan or you need to update an existing plan, an experienced Duluth estate planning lawyer from our office can help you. You will be able to establish a solid plan that will let your family know what your wishes are so they are not faced with difficult decisions or processes.
You do not have to make a lot of money to have a good estate plan. This is because an estate plan can include a last will and testament, power of attorney, a health care directive, and anything else that you need to ensure your family is taken care of in the event you become incapacitated or you pass away.
As for your actual estate, it consists of all of your personal and real property at the time of your death. Your real property is your real estate and your personal property involves bank accounts, jewelry, vehicles, furniture, and similar property.
You can also include your minor children in your estate. A good estate plan will take the needs of your children into account in the event that you pass away while they are young.
Once the nature of the estate is defined, plans are devised concerning your assets and/or children. Basically, anyone who has children or owns property should have an estate plan in place.
Your Duluth estate planning attorney will keep the best interests of your family in mind when constructing your estate plan. You can do the following:
By doing this, you make matters easier on your family at one of the most difficult times. You also ensure that your wishes are carried out if you are ever in a place where you cannot make decisions on your own.
Creating an estate plan can benefit you and your family if you would become incapacitated or would pass away. With the help of an experienced estate planning attorney, you can have an estate plan that makes matters easier on your family during one of the most difficult times of their lives. To learn more about what the Benjamin Kaasa Law Office, PLLC can do for you, call 218-464-3397 for a consultation.