Greenville Attorney Urges Senior Citizens and Their Children To Get Estate Planning Affairs Organized and In Order
Elder Law is a relatively new field of law dealing with the problems and issues met by the fastest growing sector of the US population, senior citizens. Elder law incorporates elements of Estate Planning, Health Care Planning, Wills and Trusts, Conservatorship and Medicare/Medicaid Planning.
Pete Fields, a Greenville Lawyer, from Greenville, warns seniors and their children of the complications that often come up if estate planning concerns and issues don't get settled fast, If you wait too long, it might be too late to have your affairs taken care of in the manner you wish!
The following is just a partial listing of the things thisGreenville Estate Planning Attorney will help you in managing:
Increase Income You Keep, Protect Your Life Savings
Save on Income Taxes, Death Taxes and Estate Taxes
Take Care Of Loved Ones Appropriately
Pass An Inheritance To Your Loved Ones
Make Proper Investments
Plan for Care That You Will Require Before That Time Occurs
Reasons You Really Should Do Your Estate Planning Right Away!
No one enjoys belabor the idea of his or her own mortality. However, if you table planning for your passing until it's too late, you may risk that intended inheritors -- those people that you love most -- may not get the things you will want them to inherit whether because of arguing among your heirs or unnecessary taxes. These are some of the reasons estate planning is so vital, regardless of how big or small your estate is! It offers a means, while you're living, to insure that your assets goes to people you wish, the way you wish, and when you want. It lets you save as much money on taxes as you can, court costs and attorneys' fees; and it affords the relief that your loved ones can grieve your death without being simultaneously burdened with undesirable red tape and financial confusion. Each estate plan must cover, at the very least, two necessary estate planning instruments: a durable power of attorney and a will. Power of attorney is for managing and controlling your property while you're alive, in case you cannot do so alone. A will is for the dispersal and supervision of your assets and property following your death. Additionally, more and more often, Americans are using revocable (or living) trusts in order to stay away from probate and to manage their estates both once they have died and while they are living. How do you know if you require estate planning help?
-Have no legal documents
-Have older documents and your kids are grown
-Your documents no longer express your wishes
About the author:
Pete Fields is a Greenville estate planning attorney in Greenville, SC. Mr. Fields also has a law office located in Clemson that includes a Clemson estate planning attorney. The information contained in this article is for general informational purposes only and does not constitute legal advice. If you have individual questions, you should consult a skilled elder law attorney. 2007 The Fields Law Firm
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