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Estate planning documents vary, but here are the top 4

| May 19, 2017 | Estate Planning |

Executing a plan for protecting your assets and providing for your loved ones’ future is a process that is highly customizable. Estate planning is a topic many Lake Charles residents avoid, while others understand its many benefits and begin as early as possible to prepare their own plans. Doing so often includes seeking guidance from experienced probate and administration attorneys.

A person may need one, two or many documents in their estate plans. It’s an individual decision that can be designed to address whatever issues are most important to the estate owner. For instance, most people choose to include a will in their plans as doing without often leads to stressful situations for family members when the time comes to administer their estates.

A durable power of attorney, a medical care surrogate and a living will are three other most frequently used estate planning documents. The latter is a means for clarifying what type of medical treatments you may or may not wish to have in a life-or-death situation. If an estate owner becomes terminally ill or incapacitated and unable to act on his or her own behalf, care providers can review the living will to determine what type of care the person specified.

A Louisiana estate planning attorney can address all aspects of the process for Lake Charles residents, and can remain on hand to update or change an estate plan as needed. A plan does not necessarily have to be final; in fact, lifestyle changes and other situations often prompt estate owners to adjust their plans. Anyone with questions about such matters may request a meeting with an attorney in the area.

Source: tcpalm.com, “Everyday estate planning: Having a solid plan sets mind at ease“, Robert Schwartz, May 16, 2017

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