You may not be rich, but that doesn’t mean you lack an estate. An estate is simply a collective term for everything that you own. What will happen to those belongings once you’re gone? An estate planning lawyer in Davenport, IA can help you set your affairs in order, and ensure nothing is left unaddressed.
One way that the lawyer can help is by evaluating your present circumstances. Based on what you have in the way of personal effects, bank accounts, investments, and even retirement accounts, your legal counsel will identify the types of documents you should have in place. This can include a last will and testament, various powers of attorney, and even documents that identify who can access your bank accounts.
The lawyer does more than provide a list of documents that need to be drafted now. Your legal counsel can prepare each of them and ensure they clearly spell out your wishes. By the time the lawyer is done, there will be no doubt about what’s to be done with any properties you own, and even who gets things like your personal collection of vinyl records.
The initial focus may have to do with the assets and belongings that you have right now, but the estate planning lawyer in Davenport, IA will also be looking to the future. As the years pass, you’re likely to acquire additional assets. That will mean making changes or additions to your estate plans. The lawyer will be ready to help with those.
For the benefit of loved ones who will be around after you’re gone, make sure your estate is in order. Doing so gives you peace of mind now, and will be a comfort to whomever has to deal with the division of your assets and personal effects later.
For more information, please contact David J. Franks Law at http://davidjfrankslaw.com/ today.
