Determine how to address estate planning

March 5, 2010

Estate planning are addressed

Q: I'm relatively new to my practice and have a wife and a baby. Where should I begin when it comes to estate planning, and what should I focus on for now?

A: Good estate planning can be as easy as 1, 2, 3, 4:

3) Living will. The advanced directive permits you (the patient) to communicate, in advance, the medical care decisions you would make regarding your care should you be rendered incapacitated.

4) Power of attorney. This document gives one or more people the power to act on your behalf.

Work closely with a financial adviser and estate attorney to develop an estate plan that meets your personal objectives.