What is Estate Planning?
Estate planning is the process of arranging how your life and affairs should be managed if you become incapacitated or after you pass away. This can include several documents, some that only apply while you are living, and others that are meant to deal with your affairs after your death.
Do I need to do Estate Planning if I don’t have many assets?
Yes, every adult should do some estate planning, regardless of how many assets they may have. Much of this planning is more focused on making things easier for you and your loved ones should something happen to you, living or not, because often your family’s hands are tied without proper documentation demonstrating they can act on your behalf.
How do I know which Estate Planning documents I may or may not need given my personal circumstances?
Meeting with a knowledgeable estate planning attorney to discuss your particular situation is the best way to determine what documents you may need. There is no one-size-fits-all plan when it comes to estate planning because every client has a unique set of circumstances, assets, and goals. At Palm & Froese Law, our goal is to educate our clients on all their legal tools and options so that they can make informed decisions in regard to their estate planning.