How do I set up an estate plan?

The best way to set up an estate plan in Delaware is to find a qualified attorney who is knowledgeable about estate planning law in the state. An attorney can help you create an estate plan that meets your individual needs and goals. The attorney first will translate your financial goals into documents that can help you distribute your assets after your death. The plan may include a will, trust, or other documents that provide for the distribution of your estate in a legally binding manner. The attorney also can help you minimize the impact of taxes on your estate, as well as distributions to heirs. You also may need to create a Durable Power of Attorney, which gives another person the legal authority to make decisions on your behalf in the event that you are unable to do so. This document could be important if you have long-term care needs or other situations that could prevent you from making decisions. Once the documents are in place, you should review and update your estate plan periodically. This will help ensure that your estate plan still accomplishes your goals and complies with the laws in Delaware.

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How do I set up an estate plan?

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