Choice of Fiduciaries
What will happen to your estate if you get sick? What will happen to your home if you die? Who will make medical decisions for you if you become incapacitated? These are just a few questions that should be asked when deciding how best to protect yourself and your assets.
One of the first steps that McManus Estate Planning LLC recommends is naming a fiduciary, a personal representative who will represent your wishes should you become sick, incapacitated or die. It's best to choose someone who you not only trust, but who has sound financial judgment and good business sense. Examples of fiduciaries could include your accountant, attorney, banker, financial adviser or mortgage broker. You can also name a family member or friend to serve as a copersonal representative; this person will work with the professional to help settle your estate as directed in your last will and testament.
Whoever you choose as your fiduciary, you should always have a conversation with them so they are clear as to your wishes as you prepare to face life's eventualities.
While our office will keep a scanned copy of your original estate planning documents, we do not keep the originals. We suggest you retain those original documents in a safe place and share copies of your estate plan with your fiduciaries.
At McManus Estate Planning LLC, we are committed to helping you understand how best to craft an estate plan that suits your needs. Our staff has one primary goal: we want you to be confident that your estate plan will protect you and your loved ones in the future.