As we are unfortunately witnessing, the only thing for certain is uncertainty. Establishing an estate plan can provide assurance for you and your loved ones in many ways. A complete estate plan allows you to:
Designate a representative to manage your finances and personal business in the event of your incapacity;
Appoint an individual to make medical decisions on your behalf in the event of your incapacity;
Instruct caregivers on your preferences for end-of-life medical care;
Direct the distribution of your assets to individual or organizational beneficiaries after your death;
Select a qualified personal representative or executor to manage the distribution of your assets after your death; and
Provide support to beneficiaries over time through scheduled or conditional distribution of assets after your death.
Implementing an estate plan can provide peace of mind for you as well as your family and loved ones that your affairs will be managed according to your wishes.