Various options in an estate plan
In your Estate Plan, you have the opportunity to:
- Appoint a Health Care Proxy: an agent to make medical decisions for you if you become incapacitated
- Select a Power of Attorney: an agent to make financial decisions,
- Choose a Guardian: for your minor children
- Create a Will and Trust: directing the distribution of your property.
Considerations you might make
Consider:
- Who would serve as your Health Care Proxy and Power of Attorney in an unexpected emergency situation?
- Who would be the guardian of your minor children if something happened to you?
- How do you protect your assets while you are alive?
- How do you create a legacy and distribute your assets to your spouse or next generation?
- What is your plan for estate taxes?