Estate Planning Basics

What will happen to your assets if you were gone tomorrow or were no longer able to handle your own affairs?

This should be an easy question to answer. It is certainly an important one!

We work all our lives to accumulate assets, and we should have control over what happens to those assets if we are no longer here to enjoy them or are unable to take care of them ourselves due to medical or physical limitations. However, most individuals don't understand how the law governs the way assets are handled upon incapacity or transferred upon the death of the owner.

 

And what about your most important asset – YOU?

What will happen to you if you are no longer able to make your own decisions regarding medical care and treatment?

You need to communicate your wishes to your loved ones both verbally and in a legally enforceable written document to make sure that your wishes are understood and honored in the event of an emergency.

 

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