As you go about your busy schedule, estate planning may not be your top priority. In the back of your mind, you know it is important to start the conversation. Maybe you think you have plenty of time for that later or you aren’t quite sure where you want to be financially, but you continue to put off seeking the advice of an attorney who is experienced in estate planning.
The best time for estate planning is when you are healthy and can make decisions based on facts, not your emotions or time constraints. For those of you who have had to deal with a parent or loved one’s estate that resulted in probate court, you certainly know the stress that it puts on the family.
Whether you have had a lifetime to accumulate your assets and want to pass them on to your family, or you feel you are not quite where you want to be financially, your assets still need to be protected.
Discussing finances and family dynamics is very personal and can be intimidating. Developing trust with an estate planning attorney will provide you with the peace of mind that your affairs are in order. Your attorney will provide you the information and alternatives you need so you can make the best decisions for you or your family.
Sometimes life happens and you are faced with a family crisis. For example, a loved one needs long-term care but does not have an estate plan. It is not too late to seek help. An attorney experienced in elder law can research the alternatives and assist you so you are able to make the best decisions.
If you are postponing estate planning because you fear attorney costs, you may want to consider starting with the basics rather than a comprehensive estate package. Your personal estate package can be developed within your timeline. It is important to get started!
Our philosophy at 417 Business & Elder Law is to inspire, educate, and motivate you to control your future by empowering you to make the best decisions for your family so that you have peace of mind. We discuss your options so you can choose the right path for you.
You’ll find the investment to be reasonable in proportion to the experience and guidance that a well-rounded elder law attorney can give.
This article was also published in the printed version of the Volume 5 Oct-Dec 2016 Newsletter (PDF).
Please call our office at (417) 887-4170 if you have any questions about this article or would like to receive our mailed newsletter.