Foundational Estate Planning (You NEED This!)

Basic estate planning typically includes a set of legal documents that outline how a person's assets will be distributed upon their death and who will make decisions on their behalf in case they become incapacitated. Here are some common components of basic estate planning:

1. Last Will and Testament: A will is a legal document that outlines how a person's assets will be distributed upon their death. It can also name an executor who will be responsible for carrying out the wishes outlined in the will.
2. Living Trust: A living trust is a legal document that allows a person to transfer assets into a trust during their lifetime, which can help avoid the probate process and provide privacy and flexibility in asset distribution.
3. Durable Power of Attorney: A durable power of attorney is a legal document that appoints a trusted individual to make financial and legal decisions on your behalf in case of incapacitation.
4. Advance Directive: An advance directive, also known as a living will, is a legal document that outlines your wishes for medical treatment in case you become incapacitated and cannot make decisions for yourself.
5. Beneficiary Designations: Beneficiary designations allow you to specify who will receive certain assets, such as life insurance policies or retirement accounts, upon your death.

These documents can be customized to meet your specific needs and goals. A lot of firms out there are no more than "trust mills" where everybody gets the same documents and only the names are changed. When you plan with the Law Offices of Craig Redler, you get the best legal advice to determine the best estate planning strategies for your unique situation.