An effective estate plan will give you the certainty that you have done all you can to provide for your loved ones' financial and emotional security
No matter how wealthy an individual may be, every person needs to plan ahead to provide continuity and security for the people and causes he or she cares about. An effective estate plan uses a combination of wills, trusts, and powers of attorney to plan not only for transfers at death, but also for incapacity. Single individuals, married couples, blended families, and unmarried couples in committed relationships all present unique concerns; similarly, loved ones who have special needs (disabilities, mental health issues, addictions, or other vulnerabilities) require special attention to ensure their current and future well-being and financial security.
Absent attentive planning, those who care for vulnerable adults may be forced to turn to court-ordered conservatorships and guardianships to protect their loved ones' interests and provide for their care.