Estate planning is a process that allows for an individual’s financial and personal assets to be protected and distributed to their wishes. No one likes to think about planning for their death, which is why many people do not have estate planning documents. Estate planning documents include:
- Last Will and Testament: A legally binding document that allows one to distribute their assets as they see fit after their death.
- Power of attorney: A legal document that appoints a person of trust to act on behalf of another in matters such as making financial, medical, or business decisions.
- Living Will/Healthcare Directive: A legal document that concerns end of life decisions and instructs the health care providers as to whether one wishes or does not wish to have one’s life prolonged by life-sustaining treatments in the event one’s condition becomes terminable and irreversible.
- Living Trust: A trust that allows one to transfer their assets while avoiding the probate process which in return saves one’s family time and money by not having to go through the court process of transferring one’s assets when one is no longer here.
Hoggatt Law Group can help you develop a comprehensive estate plan to make sure that when you are gone, your wishes are met. Our team is well-versed in a number of estate planning related matters, so you can be sure that you are working with a team who has the experience and knowledge when dealing with matters as important as these.