What concepts should you be familiar with when going to see an estate planning attorney?
A story on cincinnati.com says there are four things you should know a little about before your first meeting with your estate planning attorney.
They are:
- A basic will. A catch-all to ensure your assets and properties be passed on according to your wishes. You might also consider a living trust. It stays out of the public record.
- A durable power of attorney. It names an agent to act on your behalf in case of disability.
- A health care power of attorney. It names someone to make important health care decisions on your behalf.
- Beneficiary designations. Make sure to list beneficiaries for all of your retirement accounts and life insurance policies.
If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.
