Securing your financial future, as well as those of your loved ones, is not an easy task. When it comes to estate planning, many individuals procrastinate, primarily because they are afraid of confronting their own mortality. Even those who are able to broach the topic tend to only turn to a few of the estate planning options available to them. When this is the case, an individual may shortchange him or herself, as well as his or her family.
This is why, as discussed previously, it is critical to ensure that your estate plan is multi-faceted. Although wills are a great way to distribute some assets among loved ones, trusts may be more helpful when dispersing assets of greater value. Trusts also allow you to put conditions on distributions of trust assets. But you’ll also want to take taxes into consideration when planning your estate, lest you want to leave your loved ones in a financial bind. Powers of attorneys and advance directives can also be a part of your estate plan, ensuring that your medical and financial affairs are carried out in accordance with your wishes, regardless of what happens.
Each of these legal options can contain legal nuances where the smallest mistake can have the most dramatic consequences. For this reason, those engaging in estate planning need to ensure that they discuss the matter with a competent legal team, like the one at Enea, Scanlan & Sirignano LLP. Our dedicated attorneys know the common pitfalls estate planners fall into and how to avoid them. We work with clients on a daily basis to ensure that their estate plans are comprehensive and legally sound, protecting their and their families’ futures while at the same time providing peace of mind.
Choosing an attorney to draft important estate planning documents is not a matter to take lightly. Instead, those who wish to have assistance creating their estate plan should carefully vet a potential law firm, including their trustworthiness, reliability, track record of success and personal attention. We believe our firm is wholly dedicated to each of those aspects, and we encourage those who wish to learn more about us to continue to browse our website.
