No matter how young you feel, you shouldn’t neglect your estate planning needs. An unexpected illness or severe injuries could leave you in a compromised position at any moment. If something devastating does happen, you’ll want to ensure you have a plan for protecting yourself and your loved ones. Westmont wills & trusts attorneys can help you provide that protection.
Address Child Care
Most people falsely assume that only the wealthy can benefit from estate planning. Without a legally binding will in place, the state will determine the custody of your children. This could result in your children being placed with someone you don’t trust to raise them with compassion and care. A will lets you choose the guardian for your minor children.
Protect Your Assets
Any assets included in your will can be liquidated, and the cash will go toward paying off your estate taxes and debts. If you have assets that you want to leave to specific loved ones, your lawyer can help you set up a living trust. Since the trust doesn’t go through probate, ownership of the assets included in the trust will pass directly to the trustee.
Ensure Your Future is Safeguarded
Westmont wills & trusts attorneys can help you establish a medical care proxy and a financial power of attorney. If your ability to make decisions for yourself becomes compromised, these documents help you choose who can make medical care and financial decisions on your behalf.
Get your estate plan in order when you schedule a consultation with the Dan Walker Law Office online.
