Details are important when it comes to estate planning

When it comes to closing an estate, the details matter. In best-case scenarios, Delaware residents take the time to go through estate planning and provide as much detail regarding their end-of-life wishes as possible. Because of the many documents that can be included in an estate plan, interested individuals can make their wishes known in a variety of ways.

It is important to remember that estate plans do not necessarily go in effect only after death. In cases of incapacitation, loved ones may need certain information from an estate plan to make important health-related decisions. As a result, it is wise for individuals to appoint a health care proxy who could make medical decisions on behalf of the incapacitated party.

Creating an estate plan can also ensure that remaining assets are distributed among loved ones as fairly as possible. Without a will, state law would dictate asset distribution, which is often as equal as possible, but that outcome may not always be fair. Planning ahead could let parties detail exactly how they would like their assets distributed.

Of course, estate planning can also go beyond distributing assets and handling health care. Each Delaware resident may have unique ideas regarding the information they want included in their plans, and exploring the various planning tools may help them organize their wishes. Because this type of planning can be complicated, it is often useful to enlist the help of attorneys experienced in this area of law to ensure that end-of-life documents are properly created.



FindLaw Network