Update Your Estate Plan
You need an up-to-date Will (and/or living trust) so that your estate won't pass by intestacy to unintended beneficiaries. Unfortunately, only one in five Americans have a current Will.
Here are a few tips regarding estate planning and updating your Will:
- You need an up-to-date Will (and/or living trust). Your estate won't then pass by intestacy to unintended beneficiaries. Unfortunately, only one in five Americans has a current Will.
- Review your Will and/or living trust annually. Your estate planning needs will change as rapidly as your asset protection needs. An outdated Will can cause you even more legal problems than dying without a will.
- In addition to your Will or living trust, you also need a durable power of attorney (one for healthcare and one for your financial/legal affairs). Appoint someone who can immediately represent you should you become incapacitated. You also need a Living Will to indicate if you want your life artificially prolonged.
- Employ a knowledgeable estate planner. You will need one if you have a taxable or complex estate. A good estate planner can save you a fortune in estate taxes. They can also show you many other ways to combine estate planning with asset protection.
The Presser Law Firm, P.A. has a complete Estate Planning department. We can integrate your Asset Protection Plan with your present Estate Plan or work with you (or your attorney) to create a new Estate Plan.
Yes, You Can Lose Everything!
You may think that your wealth is safe and that you don't need protection. But don't delude yourself and accept reality — for every 60 minutes you spend making money, spend 60 seconds thinking about how to protect it!