Multi-State Divorce & Family Law Blog by Stange Law Firm, PC

An estate plan can include multiple documents that can be customized to fit your goals and needs. An estate planning attorney can help you determine what documents are ideal for your situation. It can be helpful to understand some of the most common parts of a comprehensive estate plan. A Will Your last will and testament is one of the most common and basic legal instruments in an estate plan. It enables you to: Inventory the assets and debts that belong to your estate. Name an executor to manage and distribute the estate after your death, as well as pay

Estate plans are important tools for protecting your estate and its assets during your life. They enable you to pass your estate to designated beneficiaries, provide instructions for your end-of-life medical care, and give financial and medical powers to a trusted loved one or professional. Importantly, a comprehensive estate plan keeps the majority of your assets out of probate court, which saves your beneficiaries and family members significant time, resources, and money after you pass. However, estate planning can be complicated. If done improperly, it can actually increase the stress and cost for your loved ones and prevent your wishes