Estate planning is one of those important things that nobody really wants to think about. But if you don’t, you can leave the people you love in a tight spot if anything should ever happen to you. The entire process of estate planning can seem daunting at first, but if you have the right business attorney to guide you through the process, it can go pretty smoothly.
Once you’ve got your estate planning complete, you’ll be able to check it off your list and get back to doing the more important business in your life like enjoying your family. That’s why Betsy Larson is happy to bring her business attorney expertise to Lakeville clients as she walks them through the process of estate planning. Read on to learn some of the most important considerations when planning for your estate.
1. Create Your Will
Creating your will is the cornerstone of your estate planning. Your will provides instructions for how to handle your property and estate after you’re gone. If your will is not in compliance with government regulations, it can cause serious problems for the people left with your estate. Hiring an attorney who understands these problems can save your loved ones a headache down the road.
2. Develop a Health Care Directive
If anything should happen to you that would leave you incapacitated and unable to make decisions for yourself or your healthcare, you will need to have a health care directive. This can establish a person with power of attorney who can make decisions on your behalf in such a situation. An advance directive also includes your wishes regarding important healthcare decisions.
3. Plan for Your Final Expenses
When a loved one passes away unexpectedly, the final expenses can be a serious financial burden on their family. Some of the most common final expenses include the cost of a burial and funeral. But they can also include medical expenses and other legal fees associated with the estate. A good estate planning attorney can help you make sure your estate passes smoothly to your loved ones without burdening them financially.
4. Take Steps to Protect Your Business.
If you’re a business owner, you’ll also need to make sure your business passes smoothly when you’re gone. A business attorney can help you oversee the entire process and prepare your succession plan so that your business is protected along with your legacy.
Minnesota Estate Planning Services
When it comes to planning for your estate, it’s best not to leave anything to chance. Betsy Larson Law Office in Lakeville can help with all of your questions and create a plan for making sure everything goes smoothly after you’re gone.
Life can be unpredictable, but it is possible to plan ahead for the unpredictable so that your family doesn’t have to worry about a thing. To learn more about how Betsy Larson can work with you to plan your estate, call our office at 612.356.2870, or contact Betsy Larson by email.