The Essential Components of a Strong Estate Plan

Estate planning is about more than deciding who inherits your assets. A strong estate plan protects your financial interests, healthcare wishes, and family’s well-being in the event of incapacity or death. At Terry Law Firm, P.S., we help clients craft comprehensive estate plans tailored to their goals. 

Essential components include: 

• Last Will and Testament: Directs asset distribution and names guardians for minor children. 

• Living Trust: Helps avoid probate and ensures efficient asset management. 

• Durable Power of Attorney: Appoints someone to manage financial affairs if you become incapacitated. 

• Healthcare Directives: Communicate your medical wishes if you’re unable to speak for yourself. 

• Beneficiary Designations: Ensure retirement accounts and insurance policies are properly directed. 

A well-rounded estate plan avoids family disputes, reduces legal costs, and gives you control over your future. Regular updates are crucial as laws and life circumstances change. 

Start planning today with Terry Law Firm, P.S. — your trusted estate planning partner.