Who needs Estate Planning?

Who needs estate planning? Everyone. Unfortunately, less than half of all Americans have an estate plan. An estate plan is even more critical if you have minor children, a special needs child, have children from another marriage or have high wealth.

What is an Estate Plan?

Estate planning is creating a plan, with documents, that directs or controls your money, property and minor children when you pass away. An Estate Plan can be drafted in anticipation of your own mental or physical incapacity.

What does an Estate Plan Consist of?

Estate plans may consist of the following documents: Will, Trust, Guardian and Conservator Designation, Power of Attorney, Patient Advocate, Deed, and Beneficiary Designations.

Simple or Complex?

Estate plans can be simple (power of attorney and beneficiary designations). Estate plans can be very complex (Trusts). Estate plans can fall in the middle (Will and Deed).

Do I need to create an Estate Plan?

If you create an estate plan you will control your money, property and who cares and provides for your minor children, after you pass away.

If you don't create an estate plan, your money and property will be distributed according to the law. A Judge will decide who gets guardianship and conservatorship of your minor children. The legal process will be handled in court at the direction of a Judge. The court is a public venue and court costs and attorney fees are not cheap.

Make time to do what's important.

Prepare and protect your loved ones. And if you need help please call Nick Daniels at 586-668-1229.