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Estate Planning is the process of preparing and arranging your personal and financial affairs during your lifetime. The benefits of estate planning are not tied to wealth, age, marital status or whether you have children. Estate planning aids your loved ones and ensures that your wishes are honored should you become incapacitated or pass away. Everyone has an estate worth planning for, some are just more complex than others.
At Spiegel Law, PLLC, we make sure that estate planning is tailored to the individual needs of our diverse clientele. A comprehensive Estate Plan is one that personalizes every aspect of planning for the disposition of your assets, your needs and your family situation. At a minimum, a comprehensive plan should consist of the following:
- Last Will and Testament
- Durable Power of Attorney
- Health Care Directives
Having a well-designed estate plan for your assets will serve you in several ways. Not only does it create a plan for the orderly distribution of your estate and prevent family disputes but it will provide guidance and financial resources while protecting your estate from unnecessary taxation. Without a plan in place, your assets may be subject to the process of probate which can be costly, lengthy, and public. Spiegel Law, PLLC can help you avoid probate with the proper planning.
Do something today that your future self will thank you for. Call us today at (727) 221-0091 for more information about how we can help you with your estate planning needs. If you have previously completed your estate planning, we will review and assess whether your documents still reflect your wishes or if any changes in the law will impact them.