A well prepared estate plan is one of the best forms of planning you can do now that benefits you and your family for the future.
By setting out your directions on both financial and personal matters, the added benefit of your estate plan is the reduction of future financial and emotional costs that normally accompany either an incomplete or no estate plan.
Pritchard & Co Law Firm, LLP’s sound solutions to complex legal issues:
The foundation for every estate plan is the Will, the Enduring Power of Attorney (EPA) and the Personal Directive (PD), sometimes known as a Living Will. Your Will is important because it sets out how your debts are to be paid, how your assets are to be distributed, and who will manage that process. You set the age that your children will receive inheritance. You can also name whom you wish to act as your guardian to your minor children.