How Estate Planning reduces your stress
Updated: Jan 25
The Unknown Causes Stress
Have you ever asked yourself any of the following questions?
Will my spouse be taken care of when I die?
Will I be taken care of when my spouse dies?
Will my children be taken care of when I die?
Who will make medical decisions on my behalf when I no longer can?
How will my bills be paid when I can’t pay them on my own?
Our Complete Estate Plan answers these questions. Stress caused by the unknown can be dealt with.
How can the Complete Estate Plan reduce stress?
The Complete Estate Plan reduces stress by comprehensively addressing of some of life’s scariest unknowns. The Complete Estate Plan is comprised of the following: Living Trust, Will, Advance Health Directive, and Power of Attorney.
1. Living Trust
Put simply, a Living Trust dictates who receives your property. Whether it is your spouse, children, or friend, a properly designed Living Trust can ensure that those you love are taken care of. In our experience, it also reduces the likelihood of family friction and fights over property.
Today, the modern Will takes a backseat to the Living Trust. However, a properly made Will acts as an insurance policy to your Living Trust. There are times when the Living Trust does not control how your property is distributed and creating a Will ensures that all your property is distributed according to your wishes.
3. Advance Health Care Directive
The Advance Health Care Directive is a document that allows you to determine your medical choices, even when you are not able to communicate your wishes. For example, if you require medical attention but you are unconscious or unable to speak, then the AHCD will allow your doctors or surgeons to know how to treat you, and it designates the person you trust most to make decisions for you if necessary.
4. Power of Attorney
The Power of Attorney is the financial counterpart to the AHCD. Even if you are unconscious, your bills need to be paid. With a Power of Attorney, you determine who does it for you.
Our job is to ensure you live in peace. We believe estate planning allows you to take control over your life in a relatively simple way. You can rest assured that your family, health, and property are taken care of. We try very hard to make creating an estate plan as simple and efficient as possible. Learn how we do it.
The information in this blog is intended only as general information, and under no circumstances constitutes legal advice, nor does it create an attorney-client relationship. The information should not be relied upon as a substitute for specific legal advice concerning your particular situation.
For advice specific to your situation, contact us to schedule an appointment.
About the Koons & Riswold Law Office
Koons & Riswold maintains an office in Davis, CA and Auburn, CA to provide clients with legal services in Auburn, Davis, and the surrounding areas. Our Auburn and Davis lawyers provide legal services, which include: Living Trust and Estate Planning services, Probate, Elder Planning, and Trust and Estate Administration. Our lawyers have deep roots in Northern California, having strong familial, community, and professional ties to the region.