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Estate Planning Deficiencies Check-Up


Why Do You Need An Estate Plan?

The number one reason people don't create an estate plan is because they believe their estate is too small. However, estate planning is for everyone because without proactive planning, state laws will determine how your assets pass, to whom they pass, and when they pass. This can lead to undesired results, and is perhaps the most costly way to pass assets to loved ones - even if those assets are small. An estate plan isn't just about tax and probate avoidance; it is about establishing a legacy and a clear process for your care and the care of your loved ones upon your incapacity or death.

A well-structured estate plan provides benefits in five key areas:

Peace of Mind

Name guardians for minor children

Appoint trusted people to manage your affairs

Keep your affairs private

Build a legacy to pass to your loved ones

Incapacity

Choose who will make emergency health care decisions in the event you are unable to do so

Identify how you wish to determine if you are mentally disabled

Care for you and your loved ones in the event you are unable to do so

Assets

Avoid delays and expenses related to probate

Prevent possible will contests and disputes

Designate your beneficiaries for retirement plans and life insurance policies

Protection

Protect your children's inheritance if your surviving spouse remarries or from a divorcing spouse

Protect assets passed to your surviving spouse and to your children's inheritance form creditors and lawsuits

Taxes

Minimize possible federal and state estate taxes at your death (including taxes on your house, life insurance and IRA's)

Maintain consistency with current tax laws

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Estate Planning Questionnaire

The following questions will help you determine if you need an estate plan or if your current estate plan is sufficient to accomplish your goals of providing for your care during incapacity, protecting your loved ones, and passing your assets to whom you want, when you want, and in the way you want.



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Attorney Linda Fisher (located in Canton, Massachusetts) runs a full service Estate Planning Law Firm. Linda specializes in fundamental estate planning, wills & trust planning, powers of attorney, elder law, Medicaid application & qualification, long-term care planning, tax planning, probate & estate administration, Medicaid crisis planning, special needs & disability planning, veterans benefits, Aid & Attendance qualification, charitable planning, estate tax planning, business and corporate planning, business succession and sales, and asset protection. Linda serves individuals, families and business owners throughout Canton, Norwood, Dedham, Westwood, Walpole and Sharon, Massachusetts.

Fisher Law LLC

121 Central Street, Suite 202
Norwood, MA 02062

Phone: (781) 821-8800
Email: info@bostonestatelawyer.com

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