Basic Estate Planning

Getting your estate plan done has probably been on your to-do list for a while and your financial planner reminds you every year. Don’t be overwhelmed. For many people, a Will, Power of Attorney (POA), and an Advanced Healthcare Directive will cover the bases. Here’s a brief summary of each of these documents, what they can do for you, and why you need them:

Wills

This is where you decide who will get your assets when you die, who you would nominate as a guardian for your kids, and who will act as your executor or administrator. If you die in Maine without a Will, Maine law will assign your property to specific people by default. If you want control over where your stuff goes, you need a Will.

Power of Attorney

Also called a Durable Power of Attorney (DPOA), this is where you name someone to act on your behalf for financial purposes. The purpose of a POA is to appoint someone to act for you while you’re still alive.

Advanced Healthcare Directive

Called a Health Care Proxy or Power of Attorney for Health Care in some states, this is where you appoint someone to act on your behalf for medical purposes. It also allows you to make some medical decisions in advance.

When it comes to estate planning sometimes simple is better. We can use our legal expertise to help you determine what level of estate planning is right for you, taking into consideration your unique goals and perspective on life. We will guide you through the process and draft all of the legal documents. We can be as creative or vanilla as you’d like, and we’ll do it all for a flat fee.

Let’s check it off your to-do list.