The first step to creating an estate plan is to understand your assets and how the law applies to your assets. The second step is to evaluate your current relationships and family situation. Next, you will establish a plan which allows you to be in control of the important decisions you need to make in your life, such as naming the person or persons that will assist you when you have medical or financial needs that you are unable to manage on your own. You will select who the trust members of your ‘team’ will be that you can turn to. You will be able to name the person to care for your children should you be unable to do so, or how long you would like to be on life support at the end of your life; and where you want your assets to go when you die and how you want them managed before and after death.
