Having a will is a sound practice for every individual and for the peace of mind of any family. Additionally, this need becomes especially important when one is a business owner. While succession strategies can be enacted in order to ensure the continuity of your practice in the event of your death, personal decisions should also be made in terms of the disposition of your assets to your loved ones. Wills and trusts can establish disposition instructions for your assets and can be especially useful in terms of providing for the futures of your spouse, children, and grandchildren. A living will ensures that your wishes will be followed even in the event that you are unable to speak for yourself. Further, a power of attorney is a versatile document which can prevent a variety of issues which may arise in the event of illness or incapacitation. Our legal experts can provide you with estate-minded financial planning to protect both your family and your business now and well into the future.
Taking the time to plan now for your family’s future is a critical act. Developing your will and testament will save your family time, money, and stress during what will surely be a difficult series of events.
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While the creation of a will is paramount, one must also consider executing a power of attorney and/or guardianship documents. These documents will allow your designee to make decisions about your health, your care, your living situation, or your finances without interference.