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.  Unfortunately, the ongoing pandemic reminds us all that we need to prepare for when we can no longer address our own affairs.

First, do you need an Estate Plan?  Do you fit into any of the following groups:

ElderlyDivorcedParentFront Line WorkerTeacher
YoungSeparatedGrandparentMedical ProviderInvestment Banker
Middle-AgedPregnant Step-ParentHome OwnerTenant in Apartment
MarriedEngagedPet OwnerChief ExecutiveTrolley Operator
SingleOR, anyone 18 years of age or older with a pulse!

If so, you need an Estate Plan.  Make certain that your Estate Plan includes the following:

Document Purpose
Last Will & TestamentDirects distribution of Estate assets upon death
Revocable Living TrustTrust established for your lifetime plus directs distribution upon death
Health Care Power of AttorneyIf you become incapacitated, your representative can make medical decisions per your specific instructions
General Power of AttorneyIf you become incapacitated, your representative can manage your business affairs per your specific instructions
Living WillExpresses your end of life medical decisions
HIPPA AuthorizationAllows listed person access to your medical information

We can assist with your Estate Planning needs.  Contact Michael Geiger at Geiger Law.  Michael’s direct line is (901) 219-5549.

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