Most people know of the importance of writing a will. However, many don’t understand that a will is just one part of a comprehensive estate plan that addresses multiple issues, such as who will make medical decisions for you at the end of your life or what will happen to personal items after you die.
Unfortunately, many people lose their ability to communicate or make decisions for themselves before they die. to ensure that your wishes regarding life-prolonging treatment, pain relief and ongoing care are respected, your estate plan should include end-of-life plan documents such as powers of attorney, a living will and an advance medical directive.
Distribution of Personal Items
It is probably important to you that your loved ones continue to have positive relationships with each other after you pass away. Unfortunately, many families experience disruption when, in the midst of their grief, they are forced to make decisions about your personal property, such as jewelry, clothing, photographs and furniture.
In many cases, these items have little monetary value, but may be desired by your heirs for sentimental reasons. In some cases, old resentments can surface and family members can find themselves at odds over your personal possessions. Careful estate planning allows you address the distribution of your personal items after your death.
Updating Estate Plans
Even the best estate plan can become worthless if it is not appropriately updated over the years. For example, your appointed executor may die or become incapacitated. Family members may marry, divorce or have children. As a result, you will want to update your will and other estate documents to reflect these changes.
Deciding to seek Estate Planning Vancouver WA can be a good first step for those who are concerned about what will happen to themselves, and their assets, after they die or are no longer able to make decisions for themselves. An experienced attorney can answer questions and help develop an estate plan that will protect their interests.