Because death is inevitable and not always predictable it is wise to prepare in advance to protect your loved ones as well as ensure that your assets are transferred to individuals and/or entities of YOUR choosing. While you can’t take your assets with you when you depart, there are many ways to be a good steward of what you have so that your assets are not needlessly wasted by unnecessary taxes, family feuds or creditors of a beneficiary.
Regardless of the size of your estate, sitting down with Heitz & Bromberek to discuss your plan as to how your assets will be distributed will help make sure your assets are given to the people and organizations you care about most. To ensure your wishes are carried out as you desire, it is required you provide written instructions in some legal format stating whom you want to receive your assets, and when they receive it and ideally with the least amount of tax and drama as possible.
Not taking the time to properly plan your death can result in your estate going into Probate. Probate can be time consuming and your assets still may not be distributed as desired. Many families fight over assets and doing planning in advance can help alleviate stress on family members.
Estate planning is not just about assets. Proper estate planning consists of:
Effective estate planning should be an ongoing process as lie events change. Many people however, treat estate planning as a one-time event. Your plan should be reviewed and updated as your family and financial situations (and laws) change over your lifetime.
There are many things an estate planning lawyer must take into consideration. Your attorney must understand the many complexities of wills, health care directives and then use these tools to tailor a custom estate plan specific to each client. Your attorney must always keep an eye toward maintaining family harmony and preparing for further generations while understanding the nature of family dynamics.
At Heitz & Bromberek,Ltd., we are confident we can provide you with competent and caring estate planning services to help you attain YOUR goals. With over 25 years of experience, we strive to help our clients achieve all of their estate planning goals, which means peace of mind!
Estate planning does not have to be complex or expensive.
Heitz & Bromberek,Ltd., offers many levels of service to help those with a variety of budgets and estate sizes. It is important to simply get something started now and expand your planning in the future as your needs change and your financial situation evolves.
The most important thing is that you take some action to protect your family and your assets now. If you need any help with estate planning, we invite you to sit down with us to discuss all the legal tools that can be used to meet your intentions. We will do our best to make sure your estate passes quickly and amicably in the way you intended.