The Key Components of Estate Planning
Your journey alongside Ellen Williamson Law to a well-crafted, personalized estate plan involves several essential components:
Will: Clearly state your wishes for what will happen to your property after your death and choose a trusted person to manage your estate as executor.
Trust: Whether included within a will or as a standalone document, trust provisions give one person (a trustee) responsibility for managing property for others (beneficiaries) and outline the conditions for how property is managed and distributed.
Declarations of Guardian: Decide who will care for you if something happens to you, leaving you incapacitated. You will also decide who will care for your minor children if necessary.
Advance Directive to Physicians: Share your wishes about whether you would want to receive life support in certain circumstances if you can't speak for yourself
Financial Power of Attorney: Choose someone to manage your financial transactions, like bill payments, investments, disbursements, etc. if you’re not able to do so.
Medical Power of Attorney: Designate a trusted person to make medical decisions for you if you can’t make decisions for yourself.
HIPAA Authorization: Grant loved ones access to your medical records so they can ensure you’re well-cared for.
Appointment for Disposition of Remains: State your preferences for burial or cremation and empower loved ones to make decisions on disposition.
We at Ellen Williamson Law would be honored to walk you through the process of estate planning and help you give your family the gift of a thoughtful plan. Covering these key components, you can focus on what matters most when it matters most - your loved ones.
Ellen Williamson Law proudly serves Dallas County and the Greater Dallas Metroplex area. We guide our clients through the difficult and complex journeys related to estate planning, probate law, and guardianship. Our goal is to help you navigate the complicated legal process while providing the best possible customer service and reducing confusion.
If you’re ready to have a conversation with a member of our team, contact us today.