
It is difficult for some to think about their own passing, let alone to plan for it. Yet, we see examples frequently of sad and unintended consequences brought about by a lack of preparation. Many times we think that estate planning matters can be put off until we are older or until we have more assets to protect. However, even couples with young children should have a say over the guardians appointed to care for their children should the unexpected occur. In short, everyone has a need for a basic estate plan, whether that plan includes a simple will or trust or a more complicate tax trust with accompanying gifting strategies to avoid estate taxes. You should have a living will to explain your medical desires should you be unable to express them in a time of need. And, powers of attorney should be established to ensure that decisions can be made on your behalf during periods of unavailability or incapacity. Our experienced attorneys can explain the common pitfalls of estate planning and help you to find the peace that comes with knowing that you have provided for life's unexpected events.