Your Estate Plan and Swine Flu
The current pandemic of swine flu gives everyone pause to think about their estate plan. If you’ve got an estate plan, you’d better get it out now and make sure it’s in tip top shape. If you’re like the majority of the population, you don’t have an estate plan. Now would be an excellent time to get one in place. Every estate plan has a basic foundation consisting of four basic legal tools.
As a lawyer, I don’t give a lot of guarantees, but I will give you a true guarantee. If you make sure your estate plan is in place, it will be worth every effort you make and every dime you spend just for the peace of mind it will give you. A top notch estate plan is going to give your family a ton more money when all is said and done. The swine flu probably isn’t going to be your demise, but someday you will die, and you had better have your estate plan in place. The talk of swine flu just gives you pause to think about your mortality and the plans you need to make to take care of your loved ones.
The four most important tools you need include:
1. A common will2. An inter vivos trust (living trust)
3. A simple durable power of attorney
4. A personal living will
