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Estate planning benefits can start before death

It is not unusual for some Texas residents to feel hesitant when it comes to considering their end-of-life wishes. Whether it is because they prefer to live in the moment or because they do not want to think about their eventual demise, avoiding the topic of estate planning may not be wise. Without useful documents in place, individuals could place themselves and their families in difficult positions.

Estate plans can offer many benefits, and a person does not have to die in order for those benefits to show themselves. For example, certain documents included in a plan could indicate who should make financial and health care-related decisions for a person should he or she become incapacitated. With the various planning tools available, parties could make their wishes known in as detailed a manner as desired.

If a person already has an estate plan in place, he or she may want to consider updating that plan. Wishes, relationships and many other aspects of life often change over time. These changes could easily impact the terms of an estate plan, and if the plan is not updated to reflect those changes, complications could potentially arise.

With the new year hopefully off to a productive start for many Texas residents, considering estate planning may help keep the productivity ball rolling. By obtaining information on wills, health care directives and other planning tools, individuals may have the ability to create the plans that best suit their needs and desires. For additional information, interested parties may wish to speak with estate planning attorneys.

Source: pasadenajournal.com, "Resolve to Make or Update Your Estate Plan", Marlene S. Cooper, Jan. 3, 2018

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