Introduction
Choosing the right estate plan can seem like a daunting task, but it’s an essential step to ensure your assets are protected and your wishes are honored. At Budget Estate Planning, we offer a range of estate planning packages designed to meet diverse needs and circumstances. The best plan for you depends on the assets you have and the level of protection you’re seeking. Here’s a brief overview to help you decide:
Power of Attorney Plan
Our Power of Attorney Plan benefits everyone. Having Powers of Attorney in place is essential as it protects you from a court-appointed guardianship and ensures someone you trust can make financial and healthcare decisions on your behalf when you need it most. This plan is a foundational element of any estate plan and provides peace of mind knowing that your affairs will be managed according to your wishes. However, this plan will not distribute your assetsupon death, and it will not prevent your loved ones from potentially needing to open a probate with the court.
Will Plan
The Will Plan is a good choice if you’d like to ensure your assets are distributed per your wishes after your passing. This plan also includes crucial documents like Powers of Attorney. It isimportant to know that this plan will likely necessitate that your loved ones open a public probate matter with the court. While a will clearly outlines your intentions, probate delays the distribution of your assets and can end up costing your loved ones a significant amount of time and money.
Trust Plan
Our Trust Plan offers the most robust protection and is ideal for those who own real property, such as a house. This plan includes a Will as well as Powers of Attorney and other important documents. A trust allows your assets to bypass the probate process entirely, ensuring a quicker, cost-effective, and private distribution to your beneficiaries. This plan provides the highest level of control and flexibility, allowing you to set specific terms for how and when your assets are distributed, thereby fulfilling your estate distribution goals comprehensively. Your loved ones will appreciate you taking the extra steps to avoid probate.
Conclusion
If you’re still unsure which estate planning package is right for you, don’t hesitate to reach out. Send us an email or call us at (509) 798-7448. Our team is here to guide you through the process, and we’re happy to help you choose the plan that best suits your situation.
