Mannion & Copani have 30 years of expertise to help you prepare a basic estate plan. Our attorneys walk you through the necessary steps to make sure your assets are properly allocated to your loved ones in the way you desire. What’s most important is that you start planning early so everything can be set up before physical or mental illness gets in the way. What is called the ‘five-year look-back period’ is critically important to safeguard the majority, if not ALL, of your assets.
Estate planning ensures you have power over your will and assets. To ensure proper estate protection, speak with an attorney before illness or death occurs. This is important because it prevents a court from deciding how certain assets are allocated. Don’t you want to decide for your family instead of a judge? A basic estate plan includes these three things:
- A last will and testament, which allocates property and financial assets to beneficiaries (either family or close acquaintances)
- A power of attorney, or the person who can act on your behalf if you become disabled or unable to make decisions for yourself
- A health care proxy, which allows a person to make medical decisions for you if you cannot make them for yourself
Our attorneys will not only help you achieve all of these things, but we will also help you deal with Medicaid in the best way possible. The paperwork required for Medicaid can become burdensome to the elderly, especially those who are already ill. We’re here to help you so you don’t have to experience the stress of dealing with Medicaid.
Estate planning gives you the power to make choices that benefit your family and loved ones, including allocating funds to the beneficiaries you choose. Without proper planning, financial and legal decisions regarding assets and guardianship over minors will be placed on the burden of the family or a probate court. This could drastically affect your finances and more importantly, change the fate of any minor that’s in your custody. It also places an unnecessary burden on your loved ones while they’re in mourning over your passing.
For more information or to schedule a free consultation, complete the online form or give us a call today.