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A handwritten last will and testament.

3 Things You Need To Do for Your Estate Planning

Estate planning isn’t just for the wealthy or those who have a large amount of or valuable property to pass on to loved ones. Estate planning is meant to reduce undue stress and costs for close friends and family after death, and should be something taken into consideration regardless of financial status.

Here are 3 steps that should be taken to ensure your estate is in order.

  1. Make sure your will or trust is updated according to your wishes.
  • It’s important to verify that your possessions and wealth will be transferred to the appropriate recipients, in the appropriate manner. Updating your will is simply done and a well written one helps alleviate stress after a death in the family. It is also prudent to have an estate planning attorney make your changes to your estate plan so that you have confidence your estate plan will be legally valid.

2. Sort out your beneficiary forms.

  • Life insurance, 401K, and IRA accounts are all sources of wealth that can be passed to individual beneficiaries or distributed through your estate plan.. Named beneficiaries will always be considered before your estate plan beneficiaries, therefore it’s best for these documents to be consistent with each as part of a comprehensive estate plan to avoid any unnecessarily confusing situations.

3. Ensure your power of attorney is durable and updated so that a loved one may act on your behalf if you are hospitalized or unable to make decisions for yourself.

  • In many cases, prolonged periods of incapacity during hospitalization require decisions to be made financially and with regard to healthcare that the incapacitated individual will be unable to make. Only with a valid power of attorney may an agent acting on their behalf make those decisions.

If you have any questions about estate planning, Appleby Healy Law is more than happy to help. Please give us a call at 417-581-2411 .

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Appleby Healy Attorneys at Law

Since 1924, Appleby Healy has served families throughout southwest Missouri. You can find us at our office, located in Ozark, or meet with us in Bolivar by appointment. Let us know how we can help you.

OZARK

119 N 2nd Street
Ozark, MO 65721
TEL 417. 581. 2411
FAX 417. 581. 2447

BOLIVAR

By Appointment Only
Bolivar, MO
TEL 417. 581. 2411
FAX 417. 581. 2447

Legal Disclaimer: This Website is provided by Appleby Healy, Attorneys at Law, P.C.. This Website is for informational purposes only. The information available through the Website is the property of Appleby Healy, Attorneys at Law, P.C and all rights are reserved. The information presented at this site should not be construed to be formal legal advice. Always consult with qualified legal counsel prior to implementing any estate plan.

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