Almost everyone has an estate, and the chances are so do you. Because your estate is comprised of everything you own, which includes your home, car, real estate, bank accounts and any investments and business interests. It really doesn’t matter if your estate is large or modest, everyone has an obligation to prepare his or her estate for the eventuality of passing away – because one thing is certain: You can’t take it with you.
Because it’s a matter of when and not if, you must take control of how your estate is put in order now. The people and organizations you determine will receive them when you die are a result of how you well your instructions are prepared and should include the best plan for keeping all taxes, legal fees and court costs at a minimum – while keeping the potential for contested execution.
Good estate planning is a matter of planning in advance and naming whom you want to receive the things you own after you die. But truly good estate planning is much more than that.
Wills and trusts: Attorney Kinberger brings experience and skill in the advice and creation of your will or living will, revocable and irrevocable trusts and all your estate planning to protect your assets and minimize tax obligations.
Powers of attorney: In the event you become incapacitated or unable to manage your own affairs in terms of your finances, business or medical care, you will need a Power of Attorney in the creation of a truly comprehensive estate plan. Your family’s security and your physical well-being is safe-guarded with a designation of powers of attorney.
Healthcare surrogates: In the event you become incapacitated, designating a healthcare surrogate and an advanced healthcare directive plan will help in ensuring you get the care you need and want. It is also very effective in preventing disputes between family members regarding the direction of your healthcare.
Will disputes and probate litigation
The best time to plan your estate is now.
None of us really likes to think about our own mortality or the possibility of being unable to make decisions for ourselves. This is exactly why so many families are caught off-guard and unprepared when incapacity or death does strike. Don’t wait. You can put something in place now and change it later…which is exactly the way estate planning should be done.
The best benefit is peace of mind.
Knowing you have a properly prepared plan in place – one that contains your instructions and will protect your family – will give you and your family peace of mind. This is one of the most thoughtful and considerate things you can do for yourself and for those you love.