• Skip to primary navigation
  • Skip to main content

Duffy Law Office, PLLC

Helping Families Preserve Their Wealth

  • Home
  • Our Firm
    • About Our Firm
    • About The American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • Speaker Connection
  • Services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Financial Planning Assistance
    • Incapacity Planning
    • IRA & Retirement Planning
    • LGBTQ Estate Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Reports
    • Advanced Estate Planning
    • Basic Estate Planning
    • Estate Planning For Niches
    • Trust Administration
  • Resources
    • Client Resources
    • Consumer Resources
    • Published Books
  • BLOG
  • Contact Us
  • (563) 445-7400
  • Show Search
Hide Search

Important Decisions When Creating an Estate Plan

Dennis D. Duffy · Jul 26, 2011 ·

When you create your estate plan, you will be forced to make many difficult decisions. This will allow you to develop a plan that fits in with your needs and meets your goals. Take a look at the information below to better understand the decisions that go along with planning. If you have any questions, or if youd like to create an estate plan, contact a qualfied estate planning attorney.

 

When creating an estate plan, you are forced to make difficult decisions. While it can be hard to think through these choices, they can help you better plan for the future. Take a look at some of the following decisions:

 

  • You will need to appoint trusted helpers to help you with various affairs. This may include appointing an executor to manage your estate, a trustee to handle your trusts affairs, a guardian for the care of your children, and agent to make decisions when youre unable to.
  • You will need to decide if you wish to plan for medical emergencies. This includes making sure that your financial affairs and medical affairs are always in order. You can do this by creating a financial power of attorney and power of attorney for healthcare.
  • You will need to decide how you wish to distribute your assets after your death. Without a plan in place, your states laws will determine how your assets are distributed. Carefully making this decision will allow your assets to go to the right people.
  • You will need to decide if you plan for future costs. This may include planning for long term care costs with the use of life insurance. It may also mean using life insurance to make sure that your family is always protected in the future. These decisions could mean the difference in the future.

If you have any questions about estate planning decisions, or if youre ready to start your estate plan, consult with a qualified estate planning attorney.

  • Author
  • Recent Posts
Dennis D. Duffy
Latest posts by Dennis D. Duffy (see all)
  • Attorneys Want to Help - December 14, 2016
  • Trusts and the Estate Tax - December 14, 2016
  • What Is a Third Party Special Needs Trust? - December 14, 2016

Estate Planning Estate Planning, Estate Planning Attorney, Estate Planning Decisions

Blog Subscription

Where we are

Duffy Law Office, PLLC
1840 E 54th St
Davenport, IA 52807
United States (US)
Phone: (563) 445-7400

Opening hours

Monday8:30 AM - 4:30 PM
Tuesday8:30 AM - 4:30 PM
Wednesday8:30 AM - 4:30 PM
Thursday8:30 AM - 4:30 PM

Map

duffy_hmpg_map.png

© 2023 · American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Sitemap | Contact Us