Who Needs an Estate Plan? Hint. YOU!
So many people think of a Last Will & Testament when they hear “Estate Plan”. However, a good Estate Plan includes so much more and actually addresses potential needs arising during your life. We need to prepare for when we can no longer address our own affairs as more than 90% of us will be incapacitated at some point before we pass.
So ask yourself, do you need an Estate Plan? Do you fit into any of the following groups:
Elderly Divorced Parent Front Line Worker Teacher
Young Separated Grandparent Medical Provider Investment Banker
Middle-Aged Pregnant Step-Parent Home Owner Tenant in Apartment
Married Engaged Pet Owner Chief Executive Trolley Operator
Single OR, anyone 18 years of age or older with a pulse!
If so, you need an Estate Plan. Make certain that your Estate Plan includes, at least, the following:
Last Will & Testament (Directs distribution of Estate assets upon death);
Revocable Living Trust (Trust established for your lifetime plus directs distributions upon death):
Health Care Power of Attorney (Allows designated representative to make health care decisions per your instructions upon incapacity):
General Power of Attorney (Your agent can address your business affairs per instructions upon incapacity);
Living Will (Expression of end of natural life medical decisions); and
HIPPA Authorization (Authorizes disclosure of medical condition to listed persons).
We can assist with your Estate Planning needs. Contact Michael Geiger at Geiger Law. Michael’s direct line is (901) 219-5549 or email at [email protected]. Our website is www.geigerattorney.com.