No one is comfortable considering their own mortality, but failing to acknowledge or plan for it could result in unintended, and unnecessary, hardship for you and your loved ones.
Many people believe an estate plan is only for the wealthy or those who are in retirement, but the reality is none of us know when we are going to die. Even those with modest estates need to plan for their families and administration of assets. A personalized estate plan is something everyone should have and review periodically.
There are a variety of tools available to include in your estate plan. Some of these tools include a last will and testament, a living trust agreement, general and medical powers of attorney, living wills, beneficiary deeds, and so forth. Each of these tools serves a different function and when properly combined by an estate planning attorney can create the perfect fit for your unique situation.