What is estate planning?
Estate planning is the work of arranging, in advance, how your assets are managed and passed on, and who makes decisions for you if you cannot. A good plan brings peace of mind and spares your family confusion later.
What documents do most people need?
A complete plan often includes:
- A will that directs how assets are distributed
- A trust, where it fits your goals
- A power of attorney for financial decisions
- An advance health care directive for medical decisions
Plan for incapacity, not just death
A strong plan also prepares for the possibility that you become unable to manage your own affairs. Powers of attorney and health care directives let trusted people act for you, and can help your family avoid the need for guardianship.
Keep your plan current
Marriage, divorce, new children or grandchildren, and changes in assets are all good reasons to review your plan. Suzanne helps you keep it up to date.
Call 302.661.0400 to get started.
Common questions
Do I need an estate plan if I am not wealthy?
Yes. Estate planning is about control and protecting your family, not just about wealth. It decides who makes decisions and who receives what, at any level of assets.
When should I update my estate plan?
Review your plan after major life events such as marriage, divorce, a birth, a death, or a significant change in assets.