"An injustice anywhere is an injustice everywhere."
Questions About Estate Planning or Probate
- Instructions for your values in addition to passing your valuables.
- Instructions for your care should you become disabled.
- Name a guardian and an inheritance manager for minor children.
- Provide for family members with special needs without disrupting government benefits.
- Provide for your loved ones who aren't responsible with money or may need future protection from creditors or divorce.
- Life insurance to provide for your family at your death.
- Disability income insurance to replace your income if you can't work due to illness or injury.
- Long-term care insurance to help pay for your care in case of an extended illness or injury.
- Provide for the transfer of your business at your retirement, disability, or death.
- Minimize taxes, court costs, and unnecessary legal fees.
This is not a one time event. You will encounter changes through life. Your family situation may change, financial situations may change, and the laws may change. Your plan should be reviewed and updated as these changes happen.
A will does not take effect until you have passed on and then must be filed with a probate court.
A living will aka Declaration to Physicians takes effect while you are still alive but does not go into effect until you are incapacitated (coma or vegetative state). A living will is a useful way for seniors to avoid costly and time-consuming litigation among family members about your end-of-life treatment.