Of course, estate planning is an important part of preparing for your later years. Estate planning can include creating a will, establishing trusts for heirs, planning for asset protection and more.
Usually, a well-crafted estate plan can help avoid unnecessary stress that often results as individuals age. For example, qualifying for government-funded nursing-home care is often easier when appropriate plans have been made ahead of time. Similarly, the need to have a court-appointed guardian or conservator can oftentimes be eliminated through careful trust planning.
Of course there are other benefits of estate planning as well. A thoughtful estate plan can help protect certain family assets for future generations. A clear estate plan can also provide the guidance your family needs in determining how to distribute your property when you are gone. This is especially helpful in avoiding unnecessary legal fees that tend to arise when there is no estate plan, and the estate assets are distributed in a contested probate proceeding.
You should seek a qualified attorney for advice on the best strategies for protecting your estate and ensuring that your assets go to the beneficiaries you want. The attorneys at the Gunderson Law Group can help with all of these aspect of your planning needs.
Call (480) 750-7337 today to talk with a Chandler elder law lawyer about estate planning or other concerns for yourself or your loved one. You can also contact us online.