Monday, October 28, 2013

Take comfort in knowing you have a plan to protect your family and assets

Planning is a part of living.  You plan your vacation, you plan your retirement, and you even plan your day to day activities.  Oddly, even though you don’t plan to have an accident, you probably planned an insurance coverage. All our life, from grade school on, we learn that planning helps us focus and prioritize; it is the basic building block for informed decision making.  Have you taken time to plan your estate? 

We may tend to think estate planning as something “older people” do, but in reality, estate planning is for all age groups.  Take comfort in knowing you have an estate plan.  Here’s why:

  • Creating an estate plan now will avoid the need for conservatorship later.
  • Obtaining a professional in estate planning whom you are comfortable with can give you peace of mind.
  • Maximize your full federal estate tax exemptions available and minimize the amount of time and money you and your family will pay in estate taxes or probate costs (with a Living Trust).
  • Finalize your instructions regarding medical treatment and life support in case you are unable (with Durable Powers of Attorney)
  • Own it? Who do you want to give it to? Organize your thoughts by identifying those personal items as well as any specific bequests you wish to make (with a Last Will and Testament). 
  • Revisit, review, and revise your plan if necessary.  We recommend every 3-5 years.  After all, life changes, so do you!
  • Tools of an estate plan will assure you have done the most important thing that can SAVE YOUR FAMILY THOUSANDS OF DOLLARS.

With more than 30 years of legal expertise, attorney Lynn A. Dean and her knowledgeable staff can help you create an estate plan that will give you comfort in knowing you have done all that you can for you and your loved ones.

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