Estate planning is shielding against the possibility that you might become incapacitated during your lifetime, and the certainty that you will pass away one day.
If you get injured and need help managing your financial affairs and your medical care, the people you want helping will need the proper legal documents in order to have the authority to act for you.
The right kind of estate planning will protect your loved ones from any of the following:
Creditors – whether they have creditor problems now, or some that arise in the future.
Predators – people who would take advantage of them after they receive an inheritance from you.
Poor Financial Judgment – sometimes our loved ones just aren't good at handling money. If you wish to create an estate plan for your loved ones, you can head to http://www.rubinhay.com/wellesley-estate-planning-attorney_pa23282.htm
Loss of Benefits – if you have a loved one with Special Needs, then having the right plan will protect their continuing benefits.
Family Feuds – Unfortunately, when your planning is not done correctly, horrible feuds can arise between family members, even among siblings who previously got along.
Blended Families – in families where there are children from other marriages, then the right estate planning will protect against one side of the family being inadvertently disinherited.
The right planning will protect your assets from unnecessary expenses, and the potential for loss from creditors or a nursing home spend-down.
Whether or not your current estate planning is appropriate for your current needs and goals is something you need to be concerned about. In our office, we offer a no-cost and no-obligation initial consultation.