Estate Planning Lawyer Fairfield County, CT Trusts Discusses Essential Estate Planning Documents
An estate planning lawyer is often asked by clients what are the most essential documents they should have in their estate plan. While most people are aware of wills, they are often unaware of other documents they should include.
At Sweeney Legal, LLC, we have extensive experience assisting clients with their estate planning needs and can help you determine which options would work best for your particular situation.
In the meantime, here is a brief overview of necessary documents every person should include in their estate planning:
Durable Power of Attorney: If something should happen to you, leaving you unable to handle your finances directly, you want to know that the person who takes over that task for you is someone you trust. This person will be responsible for paying your bills, filing your taxes, and overseeing any other financial obligations you have. With a durable power of attorney, you decide who will be authorized to handle your finances on your behalf.
Healthcare Power of Attorney: In the event something should happen to you and you do become incapacitated, you should also designate someone you trust as your healthcare power of attorney. This person will act on your behalf in making medical decisions should you be unable to make those decisions yourself. Your healthcare agent will be responsible for ensuring that the health care decisions you have left instructions for are followed. These decisions may be hard ones for your loved ones to carry through, so you want to make sure that the person you designate will be comfortable with your wishes. For example, if you leave instructions that no extraordinary life-saving measures should be taken to keep you alive, will the person you choose be able to abide by that decision?
Living Will: The decisions you do make for medical care should you become incapacitated should be specified in a living will. A living will enables you to still make sure your wishes are followed even if you are no longer able to express them. Your medical doctor and family will not be able to ignore what life-sustaining measures you agree to and what you would not agree to when they are provided in this legal document.
Last Will and Testament: With a will, you decide what happens to your assets and property, who will be beneficiaries, and who will not receive anything. You can also name who you want to be a guardian for any minor children you have and establish trust funds. You will want to name an executor in your will. This is the person who will be responsible for distributing your assets and property per your instructions and paying off the debts of the estate.
Contact a Fairfield County, CT Estate Attorney for Assistance
If you do not have an estate plan in place, or you would like to update your current estate plan, contact Sweeney Legal, LLC so we can assist you. Call an estate planning lawyer Fairfield County, CT clients recommend today for a free consultation.