Most Alaska residents would agree that thinking about their own deaths is not a pleasant experience. However, it is a necessary one in order to make sure that their families are taken care of after death. Estate planning allows individuals to put their affairs in order, which entails more than just figuring out who gets what and signing documents.
Anchorage residents who decide to make plans to provide for their families after their deaths may believe their job is done once the documents are signed. That could be true in some cases, but if an individual's estate planning included a trust, more work needs to be done. An empty trust does not accomplish his or her goals.
Like other Alaska residents, you may be considering taking steps to care for your family in the event of your death and you in the event of your incapacitation. You may know that estate planning could accomplish these goals, but you may not be familiar with the documents that make it happen. Below is a brief description of the documents that make up a good estate plan.
When it comes to the big picture, the answer is the same for every Anchorage resident. Estate planning should provide for surviving loved ones upon death and provide for the individual upon incapacitation. It is the details that make this process different for everyone.