Keeping Your Estate Plan Current
Every adult (or child with a future inheritance) needs an up-to-date will (and/or living trust). Only one in five Americans has a current will and they risk their assets bypassing intended heirs at the mercy of a court.
- A will and/or living trust must be reviewed annually because estate-planning needs can change as rapidly as Asset Protection needs. An outdated will could cause more complex legal problems than dying without a will.
- Establish a durable power of attorney in addition to a will or living trust, you also need a durable power of attorney for both healthcare and financial/legal affairs. You should appoint someone who can immediately represent you should you become incapacitated. Make clear written intentions as to whether you want your life artificially prolonged in a healthcare power of attorney.
- Engage a qualified and licensed estate planner if you have a taxable or complex estate. Not only can a good planner save a large amount of estate taxes for your heirs, they can incorporate many techniques that combine estate planning with Asset Protection.
The Presser Law Firm, P.A. offers comprehensive estate planning services and collaborates with accountants, other law firms and tax specialists to create the best possible estate strategies.
PROTECT YOUR ASSETS TODAY!
The best defense is a good offense.