When it comes to preparing for after you are gone, many people don’t want to do it. Who can really blame them either? Why would anyone want to think about dying, let alone put together a plan for after they die? Without such a plan though, you can leave family and loved ones in the dark and facing many legal battles though. That’s why it is important to have your estate in order should you die unexpectedly. Let’s take a look at some tips for estate planning in Boca Raton.
Create A Will
A will is essentially a legal document that maps out where all your belongings and financials will go after you die. Everything from your 401k to your box of baseball cards can be documented in a will. If you have young children, it will also dictate who will get custody of them should you die before they become adults.
Assign a Power of Attorney
Should your health deteriorate for any reason, making you incapable of making financial decisions on your own, you can assign someone to do it for you. This is called power of attorney. The person you choose can then act on your behalf for all financial and estate decisions.
Spell Out Your Health Care Wishes
In that same scenario where your health deteriorates to the point where you aren’t able to make decisions for yourself, it’s also important to make your health care wishes and preferences be known. Maybe you want to give your power of attorney control over your health care as well. Or, maybe you have very specific preferences. Putting all that down on paper will help when the time comes.
Are You Interested in Estate Planning in Boca Raton?
When the day comes that you finally pass, don’t you want your family to be taken care of? If you are considering getting your estate in order, contact us today to learn more about how we can help.