What will happen to your family if you die or become disabled?
Posted on August 29, 2014
by Margie Connolly
Did you know that 100% of Americans will die?
Did you know that 75% of all Americans die without an estate plan?
1. Size of estate: Some people think they do not have “enough” assets to necessitate an estate plan; they think such things are only for the wealthy, not the ordinary middle class family.
2. Procrastination: Thinking, “I’ve got plenty of time for that.”
3. Discomfort: For some people, preparing estate planning documents means an uncomfortable discussion and confronting of one’s own mortality; it’s simply too scary to think or talk about.
Regardless of the reasons, 75% of all Americans die without an estate plan. They die without a plan in place to take care of their loved ones, without a plan for the distribution of their assets after their death, and without a plan to instruct loved ones on their wishes should they become physically incapable of making decisions for themselves.
Each person’s estate plan needs are different, but almost everyone should have some sort of estate plan in place. Our office provides attorney-written estate plans that may include a trust or trusts, a will, and powers of attorney, documents covering your healthcare and financial decisions. We work closely with each client to understand their specific goals and expectations to draft estate plans that are unique to each individual and each life stage.
- General Durable Powers of Attorney
- Healthcare Powers of Attorney
- Transfer of Assets Into Trust(s)
- Guardianship designation in case of future disability
- Guardianships of the Person and Estate for Minor Children
Visit https://mmconnollylaw.com for more information.