When is the right time to think about getting a Will or a Living Trust? The easy answer is when is not the right time? Often people do not think about planning for death until they think death is near. Unfortunately, our birth certificates do not have expiration dates. This of course would make planning much easier.
It is sometimes surprising for younger families to learn that they have just as much need for estate planning as a wealthy retiree. The reasons for planning may be different but the need is still there. When we are young we typically do not think of dying but rather building a future for ourselves and our families. It is in these situations where tragedy can strike more than once. The tragedy of a sudden and unexpected death followed by the tragedy of not planning for your surviving spouse or the children left behind.
In these situations your estate plan does not need to be complex, but you do need to have one. A basic plan could include a Will, Power of Attorney, Medical Power of Attorney, Living Will, Mental Health Care Power of Attorney and a HIPAA form. These will provide for the basics of where you want things to go but also, and much more importantly who should care for your children if you and your spouse are not here to care for them.
If you do not get a plan from MH, get one somewhere because, If you have a family, you have a reason.
Morris Hall Can Protect You in Today’s Litigious Society:
We live in a litigious society, where over 1 million lawsuits are filed every year in America alone. Financial predators are looking for ways to take funds from others and often use litigation as their means to do so. At Morris Hall we provide your assets and your loved ones with important protections that can prevent financial predators from taking advantage of you. We do this through proper and current estate planning techniques. With an MH living trust, we can also protect your property, assets and loved ones from probate, estate taxes, gift taxes, creditors, Medicaid spend-down, conservatorship or guardianship proceedings, ex-spouses and more. A living trust also keeps your asset and beneficiary information private and secure to avoid giving financial predators information to use against you and your family. Without a living trust, this information will be made public. For those living in Arizona, we serve the areas of Phoenix, Mesa, Gilbert, Fountain Hills, Scottsdale, Cave Creek, Prescott, Flagstaff, Sedona, Tucson, Sonoita, Arrowhead, Avondale, Goodyear and Tempe. In New Mexico we serve the areas of Albuquerque, Santa Fe, Las Cruces, Rio Rancho, White Rock, Alamogordo, Truth or Consequences and more. Contact us today at 888.222.1328 to schedule an appointment with an attorney in your area!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.