Estate Planning In Warwick, Rhode Island

Find the right Estate Planning attorney in Warwick, RI

Estate planning is a very broad term in Warwick, Rhode Island, referring to a person's decisions on issues that affect them and their family toward the end of their life. These might contain instructions for end-of-life care, as well as drafting a will or other document with the intent of disposing of one's property after their death.

The drafting of a will, which simply states what you wish to be done with your property after death, is usually one of the most essential parts of an estate plan. Of course, it's rarely the only one. There are many other things you might want to include, depending on your objectives.

For instance, a reputable estate plan will include a living will, which gives your family members and healthcare professionals instructions about your medical care, to be followed in the event you become incapacitated. You should also include your funeral arrangements, and your preference with respect to organ donation.

Crucially, your plan should make arrangements for the care and custody of your children, if they are minors. Nonetheless you should initially discuss this matter with the person who you intend to take custody of your children in case something happens to you, to make sure they are willing and able to do so.

What Type of Estate Plan Do I Need in Warwick, Rhode Island?

Obviously, the answer to this depends on many factors, as well as your goals and preferences. But, most people, when deciding what type of estate plan they need, consider their health, age, and wealth.

If you are in good health, young, and not married, planning an estate is likely not a high priority. And at this time in your life, it doesn't really have to be, with a few possible exceptions, such as individuals who work in very hazardous jobs, or who are very wealthy.

If you have a life partner in Warwick, Rhode Island, but aren't married to him or her, estate planning is crucial. If you want your partner to have most of the same rights and responsibilities as a spouse, it's usually possible with good estate planning. You should grant your partner power of attorney, so they can make decisions for you in case you become incapacitated. Furthermore, you should name your partner as a beneficiary in your will, because, unlike a spouse, a life partner will not automatically inherit your property if you die without a will.

If you are elderly, and have a large amount of assets in Warwick, Rhode Island, estate planning may be more essential at this stage of your life than any other. While estate planning deals with some morbid and unpleasant subjects (requiring us to confront the reality of our own mortality), it is crucial if you wish to live your life secure in the knowledge that your loved ones will be provided for to the extent that your assets allow.

Do I Need a Warwick, Rhode Island Estate Planning Attorney?

Because estate planning in Warwick, Rhode Island is not always simple, the assistance of a reputable attorney will almost certainly be useful, and worth the cost. This is doubly true because of how essential the issues involved can be, and the fact that a relatively minor mistake can sometimes derail an entire estate plan.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Warwick

Warwick, Rhode Island is the second largest city in the small state of Rhode Island with a population of just under 90,000 residents. The sizeable city is on almost 50 square miles and is home to the main airport in Rhode Island as well as the Rhode Island National Guard. Warwick was founded in 1642, and is a city with some major historical significance. Warwick was the site where the first shot was fired in the American Revolution, and was also the site for many other important battles that ultimately led to America's independence. Not surprisingly, there are many relics to commemorate the various sites throughout the city. Warwick has come a long way from its roots and is a popular place to live and visit in Rhode Island. It is no wonder that Warwick attracts some of the state's top professionals to live and practice in it's borders. Warwick lawyers are trained at some of the nation's top law schools and are skilled in a range of practice areas. Warwick lawyers, along with the rest of the Warwick workforce are just one more reason that makes this city so wonderful.

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