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Wallace Law Firm, P.C. Estate Planning & Elder Law, Business Planning & Real EstatePersonal Information Form Please Complete and Bring to Your Initial ConsultationName: and Name:709 Huron Avenue Port
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01
Gather all relevant financial and legal documents.
02
Make a list of all assets and debts.
03
Decide on beneficiaries and how you want your assets distributed.
04
Choose an executor or trustee to carry out your wishes.
05
Meet with an estate planning attorney to draft essential documents such as a will, trust, power of attorney, and healthcare directive.
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Review and update your estate plan as necessary.

Who needs estate planning amp elder?

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Anyone who wants to ensure their assets are passed on according to their wishes.
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Individuals with dependents who need to provide for their care and financial well-being.
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Those concerned about minimizing estate taxes and avoiding probate.
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People who want to appoint someone they trust to make medical or financial decisions on their behalf if they become incapacitated.
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Estate planning involves the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. Elder law encompasses legal issues affecting seniors, including estate planning, health care, and guardianship.
Individuals who own assets, have dependents, or wish to ensure that their healthcare and financial wishes are respected in the event of incapacity are generally required to engage in estate planning. This includes seniors and those with considerable assets.
Estate planning typically involves filling out forms pertaining to wills, trusts, powers of attorney, and healthcare directives. It's advisable to consult with a legal professional to ensure all documentation is completed correctly and complies with state laws.
The purpose of estate planning is to manage and distribute an individual's assets according to their wishes after death or in the event of incapacitation, while also considering tax implications and reducing the burden on the heirs.
Information required in estate planning documents includes details about the individual's assets, debts, beneficiaries, chosen executors or trustees, and specific wishes regarding healthcare decisions.
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