As a woman, you have many things on your plate. You’re working, taking care of the household, and devoted to your family. With so many obligations, estate planning may not be at the top of your list. However, you need to think about your future and protect yourself. It is an unfortunate fact that nearly half of all women 65 and older will find themselves widowed. None of us want to think about a time when they may be alone, but you need to prepare yourself. As a savvy individual, you’ll find that you feel empowered when you put a plan in place for years to come.
Estate Planning and Women: They Go Hand in Hand
You need to take a good look at your estate and equip yourself for the possibility that you may be on your own. You can begin by sitting down and discussing this with your spouse. Discussing what arrangements, if any, have already been made is a good starting place. You’ll also find it extremely helpful to turn to an elder law professional who has a comprehensive knowledge concerning estate planning. The main goal is to list all of your assets, protect them, and make sure that they are distributed according to your wishes upon your death. With proper estate planning comes peace of mind that you will be cared for in the future, your health care needs will be addressed, and you won’t have to worry about how to make ends meet. It’s difficult enough to face a loss and the uncertainty of what lies ahead. You should not have to worry about a financial crisis as well.
You Have Many Options at Your Disposal
Your spouse may already have a trust in place and a will. However, you need to explore all of your options. A living trust, a living will, and the power of attorney are other considerations that should be taken into account. Turn to Felinton Elder Law & Estate Planning for sound advice concerning estate planning and women. With over 33 years of experience, Mindy Felinton has focused on elder law and estate planning. She will be able to assist you in navigating the estate planning process. The main goal is to establish a solid estate and to be prepared for a host of situations. Life is unpredictable, but you can face the future with confidence when you have a competent attorney by your side.