Estate Planning allows an individual to control their property while they are alive and able, to take care of themselves and their loved ones if they should become disabled, and give what they have to whom they want, the way they want, and when they want, while saving every tax dollar, professional fee and court cost possible.
However, estate planning is much more than that:
Many people view estate planning as planning for death. Estate Planning should be looked at as a comprehensive plan for life, disability, death and beyond.
An estate is much more than just money and property. It involves your values, your family, your hopes for your children and your grandchildren. Your legacy is how you want to be remembered by your family and loved ones.
The goal in achieving a comprehensive plan will include looking at various factors:
• Care for your self during life;
• Care for and protect your surviving spouse;
• Care for and protect adult and minor children;
• Pass on values and ideals to children/grandchildren;
• Save money in the long term;
• Maintain control over the property you have worked hard for.
These are all control issues: a means of protecting the people you love the most from divorce, creditors, predators. Take the first step today in starting your comprehensive estate plan.
Aging in Maine – a practice of Kevin W. Weatherbee Law Offices, PLLC.
Proudly offering Elder Law & Estate Planning services in the greater Bangor and Belfast Maine areas.