Estate Planning

No matter your age, it is always wise to have an estate plan. Life is unpredictable, and the death or disability of a member of your family can leave you reeling emotionally and have devastating financial consequences.

If you have not left a will or trust to instruct in the disposition of your assets, they will be at risk of being distributed pursuant to law rather than per your wishes. Working with Kyrsten Niemiec to draft a will can provide your family with specific direction in the event of your death and can ensure that your property is distributed in the way that you envisioned and intended.

Looking Beyond The Will

In many instances, a revocable living trust is the answer to your estate planning needs, as a trust allows you to have more control over your assets after death and has the added benefit of avoiding probate.

In addition to executing a will or trust, you should have an advanced health care directive and powers of attorney in place. The disability of a loved one causes not only pain, but stress, fear and confusion for family members and friends. These feelings can be mitigated, in part, by preparing for contingencies and giving your family and friends the peace of mind that comes with knowing that everything is in order should there come a time when they have to make your decisions for you. It is always wise to prepare a power of attorney so that the person of your choosing can manage your finances in the event you are unable to do so. Additionally, an advanced health care directive/HIPPA authorization/health care power of attorney can provide directions for your loved ones with regard to the care you prefer to receive and the life sustaining measures you wish to be taken should something catastrophic happen. These decisions are hard to make and, often, families struggle with disagreement and pain when they have been left with no direction. These documents should always accompany a revocable living trust and/or a will, as neither a will nor a trust alone is sufficient to cover all of your needs.

Call For A Deeper Understanding Of Your Options

Call 734-240-0110 for help in determining your estate planning needs, or reach Ms. Niemiec online here.