The time has come to create your first estate plan. You’re nervous. You have questions. You’re concerned about making a mistake.
The good news is that these feelings are natural. Estate planning is a big deal, so you want to get everything right the first time around. To ensure that this happens, it’s best to consult with an estate planning attorney. In other words, DIY estate planning isn’t the answer, and it puts you at risk of making costly errors that could negatively impact your family in the future.
As you begin the process, you need to do two things: (1) find an attorney you can trust and (2) ask them the right questions. Here are 10 questions you should consider asking your attorney when creating your first estate plan:
- Is a will the only legal document I need?
- What is a power of attorney?
- What is a living will?
- What are the benefits of a revocable living trust?
- What is incapacity planning?
- Is long-term care planning necessary?
- What happens if I need to alter my estate plan in the future?
- Who should I name as the guardian of my children?
- What are some of the most common mistakes to be aware of?
- Should I create an estate plan with my spouse?
Some of these questions will be more relevant to your situation than others, but you should ask all of them. Neglecting to do so increases the risk of an oversight or mistake that may put you and/or your loved ones in a compromising position.
If you’re ready to create your first estate plan, contact our law firm online or via phone at (281) 759-3213. We can answer your questions, address your concerns, and put your fears to rest. Schedule a consultation today and you’ll be well on your way to estate planning success!