When planning for the final disposition of your estate in Ridgeland, Mississippi, there are a few things you'll want to consider: who do you want to give your assets to, and under what conditions? Do you have any preference for how your funeral should be handled? Do you have any certain wishes concerning end-of-life care? These questions, and more, should all be taken into account.

While the drafting of a will (the document that dictates what is to be done with the decedent's property after death) is normally the central component of any estate plan, there are many other elements which you may want to include, depending on your goals, and your financial situation.

A will is rarely the only aspect of a comprehensive estate plan. Most individuals have extremely strong preferences about their end-of-life care, especially when, and under what circumstances, they would want to be taken off life support, if that every happens. These wishes should be made in writing, and discussed with family. Additionally, preferences on organ donation and funeral arrangements should also be made clear.

Most importantly, an estate plan should give instructions on the care of your minor children. It should lay out who is to take custody of them, and, if possible, leave them a large sum of money to assist with this care. Of course, you should discuss this matter with the people who you want to take custody of your children, to make sure they can really take on such responsibility.

What Type of Estate Plan Do I Need in Ridgeland, Mississippi?

The answer to this question depends largely on your goals and priorities, as well as your age, health, and the amount of assets you have.

If you are young and unmarried, estate planning probably doesn't need to be on your radar, unless you are very ill, independently wealthy, or perhaps if you work in a very dangerous job, such as the military.

Individuals who are, for different possible reasons, unwilling or unable to get married, but are in committed, lifelong relationships, are perhaps most in need of a good Ridgeland, Mississippi estate plan. Because couples who aren't married don't automatically get any of the legal rights (such as hospital visitation, inheritance rights, and power of attorney) that come with marriage, they have to secure these rights through other means, such as wills and power of attorney agreements.

Other groups for whom estate planning is very critical in Ridgeland, Mississippi are people who are elderly and/or have a lot of assets. This may be the point in one's life where estate planning is most critical. While it's true that the process of making an estate plan requires a person to deal directly with the reality of their own mortality, it is extremely important if you value the security that comes with the knowledge that your family will be provided for.

Do I Need a Ridgeland, Mississippi Estate Planning Attorney?

Because estate planning in Ridgeland, Mississippi can involve some convoluted legal and financial issues, it is essential to undertake this task with the guidance of an experienced attorney who specializes in estate planning.