Trusted Guidance In All Estate Law Matters
When Should You Create An Estate Plan?
Regardless of your age, you should create an estate plan appropriate to your circumstances long before it is needed. If you have assets and/or dependents, other people or charitable causes you care about, you should make this a priority. This includes most adults.
It is especially recommended that you create or revise your estate plan when approaching or passing through milestones in life, such as:
- The birth of a child or the addition of a child or children to your family through adoption
- The marriage of a child, when you may want to review the potential impact of that marriage on your estate
- The start of a new job or a new business, and your assets may soon become greater and more diverse
- The purchase of a home or other real estate
- The birth of grandchildren
- Embarking on a cruise, overseas adventure or military service
These are a few examples of turning points that prompt many people to review their estate plans to verify that key documents will protect family and assets as intended.
What Else Goes Into An Estate Plan, Regardless Of Age?
A complete estate plan typically includes some combination of the following:
- A will: perhaps a simple or complex will, a pour over will or revision of a now-obsolete will
- One or more trusts: a revocable trust, an irrevocable trust, a special-needs trust,
- Powers of attorney that will allow appointed representatives to manage your affairs if you are unable to do so yourself for any reason
- Advance directive covering health care choices your next of kin may be able to make decisions for you if you are unable to speak for yourself
With years of experience over several generations of law practice by members of the Gieg family in the Altoona area, our law firm is prepared to advise you in the creation of a will, a trust and/or a medical power of attorney to suit your needs and goals.
Providing Estate Plans From Simple To Complex
Whether you are preparing your own estate plan or are responsible for administering the estate of a deceased loved one, Gieg Law Offices LLC in Altoona can get things off to a right start for you. Call our law offices at 814-204-1274 or send an email inquiry to schedule a consultation regarding estate planning, probate or any related legal matter in Pennsylvania.