Why We Call Estate Planning “Life Planning”
At The Law Offices of Mark F. Moss, PLLC, we refer to “estate planning” as “life planning” because it’s about much more than just deciding what happens to your assets (aka your stuff) after you’re gone. Life planning involves crafting a strategy that protects your interests and loved ones during every stage of life and beyond.
While we use “estate planning” in our keywords and blogs for better search visibility, the term “life planning” better captures the holistic approach we take. Just like an estate plan, there are specific documents and approaches involved. Here’s what goes into it:
Health Care Directives and Powers of Attorney:
These ensure that your medical and financial decisions will be made according to your wishes, even if you become incapacitated. A life plan includes the designation of trusted individuals to make these critical decisions on your behalf.
Asset Protection:
Life planning involves strategies to protect your assets from potential threats, such as potential lawsuits or avoidable and unnecessary taxation; ensuring that your wealth is preserved for your family and future generations.
Elder Law Considerations:
As part of life planning, we focus on protecting your rights and assets as you age, which may include Medicaid planning, long-term care arrangements, and, if necessary, guardianship.
Legacy Planning:
Beyond distributing your assets, a life plan considers how you want to be remembered, including charitable giving, ethical wills, and the values you wish to pass down.
Ongoing Review and Adaptation:
Life planning is not a one-time event. It requires regular review and updates as your life circumstances and the law change.
By focusing on life planning, we’re not just addressing the end of life—we’re ensuring a secure and organized life for you and your loved ones. If you’re ready to start this important process, contact us today to discuss your life planning needs. Schedule your complimentary consultation at markmosslaw.com or by calling us at (904) 329-7242.