Learn How To Have An Estate Plan Created When You Find Out You Have A Terminal Illness

Posted on: 16 January 2017

Finding out that you have a terminal illness can be devastating. There are many people who do not know what to do after they receive this news and are so overwhelmed with the fact that they may die that they have a hard time focusing on anything else. It is important to pull yourself together so you can get your affairs in order to ensure that you do not leave your family with the burden of taking care of your affairs for you. The guide below walks you through a quick and easy way to ensure that you make all of the necessary arrangements before you pass.

Meet with a Funeral Director

You need to meet with a funeral director to determine what your options are for your funeral. You want to be sure to choose the casket that you want to be buried in, where you want to be buried, and if you want specific people to speak at the funeral ceremony. Some people want a specific pastor or friend to give their eulogy. Many funeral homes allow you to prepay for the funeral so that your loved ones do not have to try to come up with the money later on down the road.

Determine How Your Debts Will Be Paid

Next, you need to determine what debts you have and how you want them to be paid, if you do pass away. You do not want to leave the burden of paying them to your family. Some people choose to have their car or home sold rather than leaving it to a loved one to ensure that their debts can be paid after they pass. It is important to specify how you want the debts to be paid so that one person does not get stuck with the obligation of paying them off.

Meet with an Attorney

You need to meet with an attorney to have an estate plan put into place. It will be a legally binding contract that will ensure that your funeral goes the way you want it to, your debts are paid, and your items can be divided how you see fit. You want to be sure to hire an attorney to create the estate plan to ensure that it is legally binding.

Once the estate plan is established, you will be able to rest assured that everything will go the way that you want it to go when you pass. If you do not establish an estate plan, your family will be responsible for figuring everything out after you pass. To learn more, contact a firm like Skeen Law Offices.