Components of an Estate Plan

a. Will: A will is a legal document that outlines how your assets should be distributed. It also allows you to name a guardian for minor children and an executor to manage your estate.

b. Trusts: Trusts can help you manage your assets during your lifetime and dictate how they'll be distributed after your death. Trusts can offer benefits such as avoiding probate, reducing estate taxes, and maintaining privacy.

c. Power of Attorney: This document designates someone to make financial and legal decisions on your behalf if you become incapacitated.

d. Healthcare Directive: Also known as a living will or advance healthcare directive, this document outlines your preferences for medical treatment if you're unable to communicate your wishes.

The estate planning attorneys at South Metro Law are experts in these elements of an estate plan. If you need help planning for the future, book a free consultation with us today!