A common misconception about Estate Planning is, “an Estate Plan is primarily for the wealthy.” This could not be further from the truth. No matter what stage of life you’re in or, what your economic status is, you need an estate plan. At a minimum, every adult should have the following documents:
- A Will – Dictates the distribution of your assets upon your death.
- Durable Statutory Power of Attorney – Designates a person to make financial and legal decisions on your behalf if you are not able.
- Medical Power of Attorney – Designates a person to make medical decisions on your behalf if you are not able.
- Directive to Physician – Also known as a “Living Will;” a Directive to a Physician which details a person’s desires regarding their medical treatment in circumstances in which they are no longer able to express informed consent.
- HIPAA Release – A release that allows specified parties to have access to all your necessary medical records and documents.
LaRue Law takes the time to carefully review each clients’ financial and family situation and discuss all options for asset protection. Only after we have a clear picture of your concerns and wishes do we build your comprehensive Estate Plan.