Estate Planning

If you have money, real estate, a business interest, pets, children and/or prized personal belongings, you should plan your estate for the future.  If you do not plan your estate before your death, then the laws of the State in which your property and money are located, will govern their distribution.   Where there is no will, “intestate” distribution occurs, and perhaps your property are inherited by someone you did not wish to receive them or your children are not properly cared for.

If you do not have many belongings, no pets or kids, you should still consider getting at least a limited power of attorney and medical directive, which govern how your financial affairs and medical decisions are handled when you are incapacitated.

The most common tool used in estate planning is a simple will.