Estate planning not just for the rich and famous

Everybody is going to die sooner or later. Unfortunately, only some have taken steps to address estate planning. Some have every intention on doing so, but procrastinate for one reason or other. Others want very much to develop a plan but aren't sure what to do or where to turn for help.

There are also those who mistakenly believe that planning an estate is only necessary if a person is rich. To the contrary, most family squabbles that occur regarding distribution of assets after loved ones die are centered around sentimental items rather than things of great monetary value. In any event, if you don't know what resources or options are available, you won't get very far in the estate planning process.

There are several key documents that are typically included in an estate plan, such as a last will and testament, and several powers of attorney. Your highest priority may be to designate someone to be a legal guardian for your children if they become orphans. You may also wish to specify what type of medical care you want (or do not want) in the event you become incapacitated and unable to speak for yourself in a medical emergency.

Lorenzi & Barnatt, L.L.P., in Louisiana, is fully equipped to assist you in all your estate planning needs. From drafting a new plan to reviewing an existing one, as well as making changes or updates as needed, our experienced legal team can help you protect your assets and provide for your loved ones when the time comes that you are no longer with them. If you'd like to discuss a particular estate planning issue, simply request a consultation by accessing the contact form conveniently located on our website.

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