The main purpose of estate planning is determining what happens to your assets when you die. Estate planning also includes decisions about your children, avoiding probate, your taxes, what happens to the body and health care costs during life. People who want to draw up a will should contact an Attorney in Harrisburg, PA.
Many people use a will to determine who will get their property. Wills are a common tool used with estate planning because of being simple, more well-known and less expensive. They can also be used for naming beneficiaries for your assets. A good reason to use one is because property that is passed through a living trust does not have to go to probate court. On the other hand, living trusts tend to be more expensive and complicated than wills. You can also pass property to beneficiaries without probate using registrations, deeds and transfer-on-death accounts. It is left up to the courts to distribute assets when a will is not left behind.
Estate planning can help you with naming someone to care for your children if you and the other parent are not available. A will can be used for naming a guardian to take care of the minor children and for naming property manager to look over assets. Final arrangements are another concern, and some people want certain directions carried out. Directions may include information about what should happen to the body and about the type of ceremony you want to have. Health care arrangements can be made to determine the type of treatment you would like to receive when unable to make decisions on your own behalf.
Parker Law Firm P.C. can help with drawing up a power of attorney form to name someone to make health care decisions for you. A living will can be used in combination with the power of attorney to list details about the type of health care you want to receive. This document specifies whether you want to receive all possible treatments or limited treatment depending on the situation. If you want to make sure your needs are met when you are unable to speak for yourself, you should start talking to an Attorney in Harrisburg, PA about estate planning.
