An estate plan is more than a will and can solve many problems for you and your family.
Some recent statistics point out the importance of Americans not only creating a will, but learning about the options of an estate plan, according to the AARP in "Haven't Done A Will Yet?"
A new survey reveals that 58% of American adults do not have wills. The survey also found that it was even worse for parents of minor children. A total of 64% of them do not have wills. They have more reasons than anyone else to have a will.
Estate planning should not stop with just a will.
A will is only one of the documents you can get by going to an experienced estate planning attorney. For example, you might learn that a trust is a better primary estate planning tool for you to use in your particular situation. Through an attorney, you can also get other important legal documents, including a health care power of attorney, a general durable power of attorney and a living will.
These and other legal documents will make sure that your financial affairs are managed properly, if you ever become unable to handle your own affairs.
An estate planning attorney can help you to plan your will as well as informing you about the options of an estate plan.
Reference: AARP (Feb. 24, 2017) "Haven't Done A Will Yet?"