While no one wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Proper estate planning not only puts you in charge of your finances, it can also spare your loved ones of the expense, delay and frustration associated with managing your affairs when you pass away.
Having an Estate Plan is just as important and basic as having home and car insurance. Revocable Living Trusts, Durable Powers of Attorney, Advance Health Care Directives, and other related documents are often referred to collectively as an “Estate Plan.”
Every person over the age of 18 should have an Estate Plan, regardless of their wealth. Properly drafted documents may avoid probate, reduce or eliminate taxes, and aid in the management of assets and health care issues in the event of incapacity. This is an important tool for avoiding the necessity of guardianship.
Estate planning, when done properly by a qualified attorney, can be invaluable. Byrski Estate and Elder Law takes pride in crafting Estate Plans specifically designed for each client’s objectives based on their goals and circumstances.