No matter how young or old you are, it is never too late to construct an estate plan. People of any age can benefit from the services provided by Fouts Law Group, LLC. Your end of life issues and your final wishes can be addressed and taken care of properly with an estate plan. Our team can assist you in creating that plan.
Whether you are updating a plan that you have already created or are putting together your first plan, our Woodstock estate planning attorneys can provide you with the assistance you need. Your estate planning lawyer will work with you in order to help you construct an estate plan that is uniquely tailored to your life situation and your future wishes. We are happy to answer any questions you have and provide guidance through the estate planning process. Call our office today at (678) 242-8344 for assistance. We can provide you with information, including the following:
- Why everyone needs an estate plan
- What should be included in an estate plan
- How a Woodstock estate planning attorney can help
Why Everyone Needs an Estate Plan
If you are concerned about what will happen to your assets and your loved ones after you have passed away, you need an estate plan. You also need an estate plan if you have specific wishes with regards to your medical care at the end of your life.
It’s a popular misconception that the only people who need an estate plan are those who are nearing the end of their lives. It is more common for seniors to have an interest in estate planning, but people of any age should consider it. The reason is this: People can pass away at any time. You want to be sure your assets are protected. Even though you don’t need a will until you pass away, that is only a single component of an estate plan.
You want your family to be spared from having to make difficult choices when you are facing a medical emergency. You want to be sure that your final wishes are carried out. You want to ensure that your family members are provided for. For these reasons and more, you need an estate plan.
When you don’t create an estate plan, Georgia law takes precedence. That means that the government will decide how your estate is handled which will have an effect on your family members. If you don’t have an estate plan in place when you need one, it may be too late to create one.
What Should Be Included in an Estate Plan
An estate plan has various components. These may include:
- A Last Will and Testament
- Powers of Attorney: Health Care or Financial
- Revocable Living Trust
- Divorce and Remarriage Protection
- Retirement Plan Protection
- IRA and 401(k) Retirement Plans
- Protection for Grandchildren
Because an estate plan is comprised of so many components, or can be, it is important that you understand each piece that can be included. You need to be informed so that you can make appropriate decisions for your unique estate plan. This includes having your plan constructed in such a way that it is compliant with legal requirements. An experienced attorney can assist you in doing these things.
When you work with a lawyer to plan your estate, you are provided with valuable assistance. An attorney can help you identify which components are appropriate for your situation and which will help you achieve your future goals. An attorney can also take care of the technical aspects of constructing and filing your estate plan.
How a Woodstock Estate Planning Attorney Can Help
Fouts Law Group, LLC has experience in creating estate plans for people from all walks of life. We understand how to create an estate plan that will meet all of your goals. It doesn’t matter how old you are today, a life situation can occur sooner than you think that will leave you wishing you had an estate plan in place. Let us help you create one before it’s too late.
To discover more about how a Woodstock estate planning attorney can help you protect yourself, your assets and your loved ones, call us at (678) 242-8344 or contact us online.