Planning your estate can definitely be overwhelming and it is tempting for many people to keep putting it off, however, it is very important that everyone gets certain documents in place before a catastrophe happens.
Even if you are worried about not being able to afford the perfect plan, it's always better to at least get the basics in place, and then you can revise and replace things in the future as circumstances change. Of course if asked I would tell you there are other important tasks to complete, but if I had to narrow it down, I think these three things are the most essential to have in place.
– Make sure you have your health care documents in place. Commonly referred to as Advanced Medical Directives, there are several documents that you can complete to document your wishes and give someone the authority to make decisions on your behalf if you are unable to make those decisions yourself. To know more about estate planning, you can also visit http://speedwelllaw.com/alexandria-estate-planning-attorney/.
– Make sure you have completed directions for the Guardianship of your children. If you already have documents in place for this purpose, review them and make sure that they still reflect your wishes.
– Complete your Estate Planning. Stop putting it off, and make an appointment with a trusted estate planning attorney. Most people realize that eventually, everyone needs a will, trust, or other estate planning documents. As I mentioned above, you do not need to wait for all the stars to properly align in order to get the process started.