Do
you need help planning your estate?
Many
people have a basic understanding of Estate Planning and what
it entails, but eventually questions arise that need specific
attention. Many times people make decisions based on preliminary
understanding of Estate Planning and key terms and definitions
that explain general concepts of Estates, Wills, Probate, etc.,
without having all the pieces to the puzzle. Effective Estate
Planning takes knowledge and experience. It can be much more complicated
than creating a will and designating power of attorney. This site
is designed to help give you a better understanding of Estate
Planning, including definitions and scenarios regarding different
Estate Planning situations, and to direct you to professionals
who will be able to help you plan your estate when you are ready.
Myth: Average people do not have estates and therefore
do not really need to plan for them!
Reality:
Even if you do not have millions of dollars, you do have an estate.
Estate Planning is a way for you to protect your family and loved
ones. Proper Estate Planning gives you the ability to leave your
loved ones the items you wish them to receive after you are gone,
in the way you want them given, at the time you want them given.
A large part of Estate Planning is the ability to save every single
tax dollar, legal fee, and / or court fee possible. Estate Planning
also helps to keep you in control of your own affairs. This is
why an Estate Planning Attorney is extremely helpful.
Myth:
People in perfect health do not need to plan for the possibility
of disability.
Reality:
An effective Estate Planning concept always involves plans for
the unexpected, especially in regard to disability. It allows
you to plan for your disability and direct the distribution of
your property in the event you do become disabled.
Myth:
I will never need an Estate Planning attorney.
Reality:
It is true; some people do not need an Estate Planning Attorney.
Some people are able to plan their own estates effectively. Most
however, realize after some time that they want to ensure that
their families will be taken care of after they are gone, and
do not want to take any chances or make any costly mistakes. Unfortunately,
many people never realize their estates are not in order, and
their family's find out the hard way. The biggest problem is that
some people just fail to plan their estate properly.
