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Do I need a Will?

On Behalf of | Jul 7, 2014 | Estate Planning and Wills

“Do I even need an estate plan?” The very simple answer is yes. The importance of having an estate plan is not limited to the amount of assets a person owns, or the size of their “estate”; each person and their family has a very specific set of circumstances which lead to the creation of a unique plan suited to an individual or family’s needs. A Last Will and Testament serves as the guideline for the distribution your estate at the time of your death, but it can also nominate guardians for your minor children. Other documents contained in an estate plan appoint agents to work on your behalf for financial and medical purposes, in the event you become incapacitated; a Living Will outlines the extent or limitation of end of life medical care you would like; and a Final Disposition provides your surviving loved ones with an idea of what your memorial or funeral should include.