Understanding The Importance Of Estate Planning

Estate planning is important for families to preserve their assets, to communicate their wishes for distributing their assets and property when they pass away and to provide for their family’s stability in the future.

Estate planning documents may vary, depending on a person’s individual circumstances and their family’s needs.

Generally, most estate plans include a will, a financial power of attorney and health care power of attorney instruments. An estate plan may also include a trust. Many people put off creating an estate plan. If you do not create an estate plan, Mississippi’s probate laws will determine who your assets will be distributed to upon your death. This could lead to frustration and family conflict that could have been avoided with estate planning documents.

Can’t I Simply Use Online Forms?

Some people download estate planning forms from the internet. However, without proper guidance from an experienced attorney, these instruments may not hold up if the necessary legal language is not included in them. Worse yet, a will or a trust may be challenged in probate court when the time comes. If you have recently divorced, it is essential to create or update your estate plan to protect your best interests in your new chapter of life.

Suzanne Baker-Steele can review or help you create your estate plan with documents including:

  • Will – An instrument allowing you to designate a personal representative to ensure your personal property and real estate are distributed to your heirs and beneficiaries according to your wishes. Anyone over the age of 18 who is of sound mind may create a last will and testament.
  • Trust – An instrument that creates a relationship between the person who creates a trust, a “trustor,” and a “trustee” who is held responsible to distribute the assets placed in the trust for the benefit of the trust’s beneficiaries. Trusts must contain specific legal language. Actions such as funding the trust must also be complete for a trust to stand the test of time. A person may be both a trustor and trustee while they are alive.
  • Powers of attorney (POA) – There are several types of POA instruments which allow a person to designate an agent to ensure their financial duties and health care decisions are covered in case they become incapacitated while alive and cannot speak for themselves.

At Suzanne Baker-Steele, Attorney At Law, P.L.L.C., we have been providing legal advocacy for families for over 30 years. We can help you.

Contact Us Today

Email us to schedule a consultation to learn more about the importance of estate planning. You may also call us in Biloxi at 228-206-2055.

Understanding The Importance Of Estate Planning

Estate planning is important for families to preserve their assets, to communicate their wishes for distributing their assets and property when they pass away and to provide for their family’s stability in the future.

Estate planning documents may vary, depending on a person’s individual circumstances and their family’s needs.

Generally, most estate plans include a will, a financial power of attorney and health care power of attorney instruments. An estate plan may also include a trust. Many people put off creating an estate plan. If you do not create an estate plan, Mississippi’s probate laws will determine who your assets will be distributed to upon your death. This could lead to frustration and family conflict that could have been avoided with estate planning documents.

Can’t I Simply Use Online Forms?

Some people download estate planning forms from the internet. However, without proper guidance from an experienced attorney, these instruments may not hold up if the necessary legal language is not included in them. Worse yet, a will or a trust may be challenged in probate court when the time comes. If you have recently divorced, it is essential to create or update your estate plan to protect your best interests in your new chapter of life.

Suzanne Baker-Steele can review or help you create your estate plan with documents including:

  • Will – An instrument allowing you to designate a personal representative to ensure your personal property and real estate are distributed to your heirs and beneficiaries according to your wishes. Anyone over the age of 18 who is of sound mind may create a last will and testament.
  • Trust – An instrument that creates a relationship between the person who creates a trust, a “trustor,” and a “trustee” who is held responsible to distribute the assets placed in the trust for the benefit of the trust’s beneficiaries. Trusts must contain specific legal language. Actions such as funding the trust must also be complete for a trust to stand the test of time. A person may be both a trustor and trustee while they are alive.
  • Powers of attorney (POA) – There are several types of POA instruments which allow a person to designate an agent to ensure their financial duties and health care decisions are covered in case they become incapacitated while alive and cannot speak for themselves.

At Suzanne Baker-Steele, Attorney At Law, P.L.L.C., we have been providing legal advocacy for families for over 30 years. We can help you.

Contact Us Today

Email us to schedule a consultation to learn more about the importance of estate planning. You may also call us in Biloxi at 228-206-2055.