Organize Your Legal Affairs
Many Americans have the misperception that estate planning is simply preparing for one’s death and is only necessary for the wealthy. To the contrary, estate planning is for everyone! By taking the time to organize and convey your wishes as to what happens to your assets when you die or become incapacitated, your family/heirs will be able to celebrate your life or mourn your departure without the legal and financial hassles.Take estate planning steps now to make sure that…
- You can control your property while you’re alive.
- You can provide for yourself and your loved ones if you become disabled.
- When you die, you can give what you have to whom you want, when you want, and how you want.
- You can avoid unnecessary tax dollars, professional fees and court costs.
- You can leave a meaningful legacy to your loved ones.
Planning solutions may include….
- Revocable Living Trusts
- Irrevocable Trusts
- Wills
- Guardianship Designations for your Children
- Gifting to Minors
- College Planning
- Emergency Access to Documents
- Legal Vault
- Medical Directives
- Powers of Attorney for Property
An attorney will know your legal options and bring clarity to your issues. The result will be a plan that is right for your family, provides financial security, and conveys your values, morals and life philosophy.
You’re not alone. Show your family how much you love them and make sure your assets are in order.
This guest post was provided by Teresa Nuccio, an estate planning attorney in Park Ridge, IL. You can contact her via www.TeresaNuccio.com.