A common mistake among seniors is not creating an estate plan. Even if there are no heirs for your estate, not having a plan for your hard earned money and assets is a bad idea. For many who have either never married or outlived their loved ones, a plan for their money once they are gone may seem kind of silly. However, without speaking to an estate planning attorney, you may not know your options. Besides, leaving assets behind without a purpose for them is just poor planning.
Anyway, you look at it, there has to be somewhere you want to bequeath your estate. Whether a specific charity or your last living relative, giving a gift from your estate may be a lasting way to secure your legacy. Though you may not care about where your estate goes, chances are you'll care about where you go. An estate plan is the best way to ensure your final wishes happen. Designating someone to pay your final expenses and make your final arrangements can give you peace of mind.
These are all things to consider if you simply pass away, but what if you become incapacitated? Where will you end up? And who will manage your estate so you get the best care? Along with the typical things an estate plan covers, long-term care plans can be included.
For help creating the best estate plan for your needs, you may want to contact a skilled elder law or estate planning attorney. With their experience and resources, you can rest assured your estate is taken care of as well as you are.