Even People With Modest Estates Need To Plan For The Future
Even if you have a smaller estate, live a middle-class lifestyle, are single or believe you are too young – you will still benefit from an estate plan.
Simple estate planning provides you with the flexibility and sense of security you and your family need. Poole, Mensinger, Cutrona & Ellsworth-Aults, in Wilmington, Delaware, has a firm understanding of estate planning. We are a female-owned law firm whose attorneys combine decades of experience in estate law. We can explain every aspect of estate planning and help you craft a custom plan that will work for you in the years to come.
Why It Is Crucial To Have Estate Plan
In providing one-on-one attention to clients, our attorneys will provide simple explanations of what estate planning options are most suitable for you. We will help you determine exactly what you need.
As part of estate planning, our attorneys will discuss with you the importance of:
- Creating a will: Even a simple will can help you ensure that your assets go to the beneficiaries you choose, rather than the default heirs who are named in the intestacy statutes.
- Creating a trust: There are many kinds of trusts, each of which has a different purpose. For example, if you want to leave assets to persons who receives social security disability, a supplemental needs trust helps protect their eligibility for government benefits. Some trusts protect your assets from creditors. Other trusts allow you to manage your assets during your lifetime while also avoiding the time-consuming probate process after your death.
- Naming guardians and conservators: In a will, parents should name guardians for their children, and a trustee to manage any funds going to a minor. Also, you should consider naming a conservator for any physically or mentally incapacitated adults in your care.
- Naming agents under powers of attorney: If you no longer can make crucial life decisions due to mental incapacitation, you can have powers of attorney named related to your finances.
- Creating an advance health care directive: This legal document outlines the medical care you will and won’t accept if unable to communicate and make decisions. For example, you may include the types of resuscitation and medicine you will accept as well as whether or not you want life support. It also names an agent to make medical decisions for you, and allows you to donate your body or organs after death.
We provide comprehensive legal advice in estate planning and want to help you. Having a solid estate plan will bring you fulfillment and peace of mind to your family.
Contact A Skilled Law Firm Now
Do you know what will happen if you die without having an estate plan? Emotions often run high after the death of a loved one, and surviving family members are often ill-equipped to handle the additional complications that arise when there was no estate plan in place. Please provide them with peace of mind by creating an estate plan, even if you have a small estate. Poole, Mensinger, Cutrona & Ellsworth-Aults, in Wilmington, Delaware, has the experienced attorneys you need to create the ideal estate plan for your family. We are skilled and empathetic to your unique needs. For an initial consultation, please contact us online or call 302-428-0100. Se habla español.