There is no time like the present, and that is especially true in the world of estate planning. Although it is preferable to live a long and healthy life, it is always prudent to plan in advance to ensure your wishes are carried out as you desire. You can easily get more information about estate planning law firm at https://www.gklawgroup.com/fundamentals-of-estate-planning/.
It is important to plan now in case you become mentally incapacitated. Your estate plan will designate a health care surrogate in the event you become disabled. This person will assist with making decisions regarding your medical care and to carry out your final wishes. You can also express your wishes for the appointment of pre-need guardians and the making of anatomical gifts. You can also express your wishes regarding your final disposition such as burial or cremation.
Another reason to make your estate plan is for children and blended families. Your state's intestacy laws will determine what happens with your assets if you don't have a plan. Moreover, if you do not have a plan, the court will decide what happens to your minor kids and how assets are distributed. It is better to choose the people who will be responsible for your minor children's care and management of their assets. A special needs trust is a great option if you have a child who has special needs.