Many people put off their estate plan and then find that they’re unprepared when something goes wrong. It’s a good idea to create an estate plan as soon as possible. Signing your estate planning documents on the day you turn 18 is ideal! Take a look at the benefits to early planning, below. If you have any questions, or if you’re ready to commit to your estate plan needs, meet with an estate planning attorney. You can have control over important issues. Whether you’re choosing a guardian … [Read more...] about 5 Benefits to Creating an Estate Plan Early in Life
Estate Planning
How Estate Planning Can Release You from Your Worries
Most people don’t think of seeing an attorney as a stress reducer; but, estate planning attorneys help clients just like you reduce stress every day. When you have a comprehensive individualized estate plan in place, you can put away that nagging voice of worry in the back of your head and sleep well at night. You’ll find that you have less anxiety during the day and will be able to focus on the tasks at hand. Worry is distracting, anxiety producing, and bad for your health. When you have a … [Read more...] about How Estate Planning Can Release You from Your Worries
Why You Need to Name Back Ups in Your Estate Planning Documents
You need to name back up trusted helpers in your estate planning documents because as life rockets along, people and circumstances change. For example, the trusted helper you named to raise your minor children may not be able to serve when the time comes. Jan was a single mom. She had a great relationship with her only sister, Becca. So, when Jan had her two children, Elle and Eric, she named Becca as their guardian in her will. Becca carefully considered the responsibilities and … [Read more...] about Why You Need to Name Back Ups in Your Estate Planning Documents
14 Estate Planning Surprises
To avoid nasty surprises and take advantage of all the good surprises, consult with a qualified estate planning attorney. If you don’t choose who will receive your assets when you die, the state of New York chooses for you. You can deduct any portion of legal fees associated with tax planning. This is a nice surprise when you’re filling out your 1040. You can give away more than $13,000 per year, without incurring any gift taxes. In 2011 and 2012, most people can give away all that they … [Read more...] about 14 Estate Planning Surprises
How to Choose an Estate Planning Attorney
In order to create an effective and comprehensive estate plan, you will likely want to work with an experienced estate planning attorney. With so many attorneys to choose from, it can be difficult to make your decision. It’s important to make sure that you and your attorney are able to communicate effectively so that your plan meets all of your needs. Take a look at the information below for advice on how to choose a great estate planning attorney. You want to work with … [Read more...] about How to Choose an Estate Planning Attorney
4 Reasons You Need a Will
Have you been putting off creating your will? If you have yet to handle this important planning, now is the time to do so. Without a will, you won’t be in control of your estate’s affairs. A will is one of the most important planning documents that keep you in control. Take a look at the information below to learn the 4 reasons why you need a will. If you have any questions, or if you’d like to execute your will, meet with an estate planning attorney. Provide greater peace of mind. It’s … [Read more...] about 4 Reasons You Need a Will
Financial Abuse of the Elderly Too Common
One of the main problems when it comes to elder financial abuse is that too many people simply don’t understand when they are participating in this form of abuse. Parents and grandparents love their children enough that they want to give them everything that they can, but there comes a point when it is the child or grandchild’s responsibility to refuse that help. When an elderly person gives away money or assets, they may not be in their right mind, or they may not realize that this money may … [Read more...] about Financial Abuse of the Elderly Too Common
6 Estate Planning Documents and How They Help You (part 2 of 3)
If you're beginning to develop your own estate planning goals, you may be exploring different estate planning tools and documents. We've taken the time to explain some important estate planning documents. Take a look at the information below to learn more. If you have any questions, or if you'd like to start your estate planning, call our office. Living Will A living will is an important planning document if you have certain medical wishes that you wish to be respected. You never know … [Read more...] about 6 Estate Planning Documents and How They Help You (part 2 of 3)
6 Estate Planning Documents and How They Help You (part 1 of 3)
When creating your estate plan, you will need to consider many different estate planning documents. This will allow you to have a full estate plan in place so that your needs are met. We often receive many questions about the use of various documents. So, we outlined important information regarding some popular documents. If you have any questions about the following information, or if you'd like to discuss your personal estate planning needs, call our estate planning law office for a … [Read more...] about 6 Estate Planning Documents and How They Help You (part 1 of 3)
Estate Planning is Not an Unnecessary Expense
When money is tight, the last thing you may be thinking about is spending it on estate planning. While some people may feel that paying money to an attorney to help them with their estate plan is an unnecessary expense, nothing could be further from the truth. In fact, an estate plan should be one of the primary things that you spend your money on, even during a recession. If you invest in a solid estate plan, you can rest easy knowing that your family will be taken care of, even if something … [Read more...] about Estate Planning is Not an Unnecessary Expense
