Estate Planning

The Importance of Estate Planning

Estate planning can be a sensitive subject. No one likes to consider their own death or incapacity, or that of a loved one.  When such events inevitably occur, they can lead to financial confusion and stress, unless a plan is already in place. A solid estate plan can lessen the impact on family members during a difficult time.

There are several estate planning tools available for individuals who want to prepare for handling of assets and personal care:

Power of Attorney

In a society where the law and legal matters are acquiring an ever increasing profile, legal terms like “power of attorney” have become everyday words used by doctors, banks and people in general. The fact is that although many people have a basic understanding, the full meaning of powers of attorney, for both persons signing them and persons acting under them, are largely misunderstood.