|
Every person should have an estate plan consisting of at
least a simple will. Without an estate plan, your property will be distributed
pursuant to the intestate statute. An estate plan will also help resolve issues
that exist regarding minor children.
The following things should be considered when determining
which form of estate plan is right for you:
1. Will
2. Guardianship
3. Conservatorship
4. Power of Attorney
5. Designation of Patient Advocate
6. Trust
If you have a Will and wish at any time to revoke or alter
your Will, do not mark the Will in any way but consult with us to insure your
wishes take effect.
The following are some of the events that might occur, in
which case alterations to a Will may be desirable:
1. If anyone named in your Will changes their name;
2. If a Personal Representative dies or suffers
ill health;
3. If anyone named in your Will dies or becomes
mentally incapacitated;
4. If you divorce or marry; or
5. If new children or grandchildren are born or
adopted.
Your Personal Representative should be aware of the
location of your Will, and we suggest that you keep a written inventory of your
assets, updated annually, with your Will. If you have specific funeral or burial
instructions, you should inform your Personal Representative.
If you move to a foreign jurisdiction, you should consult
a lawyer who practices there, to insure that your Will will be valid.
|
