Getting organized before creating an estate plan

Before a Louisiana adult creates a plan for his or her long-term wealth and financial management, it is prudent to do some planning first. Creating an estate plan that will be beneficial and sustainable well into the future requires one to first consider his or her goals and organize priorities. This can make the entire process more accessible and less intimidating.

Organizational tips

There are a few simple steps that can help one make practical decisions during the estate planning process. With the following organizational tips, it may be easier to understand goals and have a better perspective on how to create a thoughtful plan:

  • Write down the names of trustworthy and responsible people who could make medical decisions in case of incapacitation or an emergency situation.
  • Consider trustworthy people who could act as a financial agency in case of incapacitation and who could be trusted with money-related decisions.
  • Write down the names of individuals intended to be heir and beneficiaries of the estate.
  • Make a list of specific questions and concerns that arise during the organizational process.

Planning beforehand can help one during the actual process of creating an estate plan, giving one the ability to feel confident about the protection and security of his or her future interests.

Looking ahead

Some Louisiana adults avoid estate planning because it can seem like an intimidating process. Taking the time to plan and organize beforehand can make the entire process simpler and easier. It will also prove beneficial to work with an experienced and knowledgeable estate planning attorney.