As we find ourselves in the middle of another holiday season I have renewed my annual Christmas requests, World Peace and a red bicycle. I can’t offer you anything in this brief article that will deliver “peace on earth and good will to mankind”, but doing some planning might give you a better shot at it.
Sitting down with an experienced estate planning attorney may enhance your peace of mind. The right questions and good answers from someone who is both knowledgeable and listens to your concerns can take a load off your mind and protect your family from the chaos of failure to plan. Having a simple estate plan doesn’t ward off death or disability, but it can take some of the stress out of the aftermath.
About the aftermath; your planning will allocate estate assets (your stuff) according to your wishes and not according to a flow chart produced by the legislature or a power play by your relatives. Naming a trusted person to make sure your wishes are carried out avoids lots of potential conflicts. Appointing an Attorney in Fact in well drafted Powers of Attorney can protect your stuff and make sure your bills get paid when you don’t feel up to it. Wise designations in a Medical Power of Attorney will assure that you have a knowledgeable advocate to help make health care decisions.
If you would like to talk to an experienced Probate and Estate Planning Attorney, contact Mr. Bailey at (817) 359-7001.