Estate planning that starts with your life

Start with the questions on your mind

You may be thinking about your children, a home you own, a change in your family or who could help if you became ill. You do not need to know which legal documents to request. Start by explaining what matters to you and what you want your family to understand.

Understand what each document does

A will gives directions for property that passes through your estate. A trust can set rules for managing assets properly placed in it. A power of attorney addresses financial and legal decisions within the authority you grant; a health care proxy names someone to make health care decisions when you cannot. These documents serve different purposes.

Bring a picture of your current situation

A useful starting point is a simple list, even if some details are missing. Account ownership and beneficiary choices deserve attention alongside your will. They can affect how property passes after your death.

• Existing wills, trusts and other planning documents.
• Property, accounts, insurance and known debts.
• People you would choose to help, plus backup choices.

Revisit the plan as life changes

Marriage, divorce, a birth, a death in the family or a property purchase can prompt a review. Your wishes may also change without a major life event. Contact Law Office of Andreina I. Rosa, Esq. at 646-899-4969 to discuss creating a plan or reviewing documents you already have.