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"Everybody has got to die, but I have always believed an exception would be made in my case." William Saroyan Estate Planning and Probate
55% of Americans die without a will or estate plan • 25% of people over 75 have no will or estate plan • 92% of people under 35 have no will or estate plan • 50% of parents have no will or estate plan Do you see yourself in one of these statistics? Is your estate plan all set to go in the event something happens to you? Or, is it on the list of things you know are important but that you just can’t seem to get done?
It’s certainly human to delay putting together an estate plan when it means having to face your own mortality. Maybe you think there are just too many decisions to be made and it overwhelms you.
Maybe you are not even quite sure what documents are included in an “estate plan.” Maybe it’s some other reason entirely.
This information brief explains what exactly is an estate plan and what documents are included in it to protect you both while you are living AND once you pass away.
A will, sometimes called a last will and testament, is a document that states your final wishes in terms of who you want to inherit your assets. This includes giving your beneficiaries anything from your home or property to your investments to your jewelry or stamp collection.
The Durable Power of Attorney we just described is considered to be “non-springing.” It is important for you to know that there is also a “Springing Power of Attorney” which “springs” into action only after a specific event occurs.
If the person you have chosen to carry out your wishes agrees, it is expected that s/he will follow through on your instructions when the time comes to celebrate your life after you pass.
If the person you have chosen to carry out your wishes agrees, it is expected that s/he will follow through on your instructions when the time comes to celebrate your life after you pass.
Please call our office at 978-637-2048 to set up a consultation or e-mail us.We provide a free 15 minutes phone consultation.