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The Importance of Estate Planning for Seniors

April 6, 2018 By Gloria Roma

A proper estate plan provides assurance and protection for you, your property, and your wishes. If you don’t have one, it should be at the top of your to-list, and even if you do have one in place, you should review it annually. When creating or updating your estate plan, there are a lot of considerations to make, including decisions about your future medical care, final arrangements after death, inheritance and more. Definition of Estate Planning According to Caring.com, “Estate planning is a process in which individuals specify how their money and other property should be managed during life and after their deaths.” It also outlines directions about the type of medical care the individual would like to receive if they were unable to communicate those wishes. In an estate plan, you can outline what property you wish to leave and to whom you’d like to leave it. You can indicate who you’d like to act as a guardian for any dependent children, as well as who should manage their … Continue reading...

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