Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

More to estate planning than drafting a will

Many people think that preparing plans for their estate is merely a matter of drafting a will. However, this piece of paper alone may not complete the estate planning process for those preparing such plans in Delaware. It is important to regularly review the will, consult with experts and ensure all proper documents and clearances are prepared for an executor.

Key documents beyond a will can vary depending on the person, where the individual lives and what assets exist. One of the documents many Delaware residents who are estate planning should consider is an advance medical directive. Along with a clearly designated power of attorney, this directive will empower people to take actions should the individual become incapacitated. This is important in particular for those with particular wishes should they fall ill or become gravely injured.

Some people may think they are too young to execute these documents. However, in the case of a power of attorney and advance medical directive, it does not matter how much money a person has or what dependents may be living in the household. Accidents can happen to anyone, and proper documents are necessary to make the right decisions in case of  emergency or when the individual passes away.

Wills can also be inadequate when it comes to assets such annuities, life insurance, retirement accounts and jointly-owned property. That is because these assets already have beneficiary designations that would be in place with or without a will. For the many reasons discussed here, meeting with a lawyer to draft or review a detailed estate plan is a good idea for Delaware residents.

Source: Forbes, "7 Big Estate Planning Mistakes", Bob Carlson, Feb. 21, 2018

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us