Planning your Affairs now can save your family the stress, costly court battles and potential infighting that often occur between family members when one passes away or becomes incapacitated. Assuring that your end-of-life medial decisions, interests and wishes are met now will provide security and assurance that your loved ones are financially secure and your medical desires are met in case you pass away or are no longer able to make your own decisions due to illness or incapacitation.
Consulting with an attorney and legally formalizing your interests can resolve any future disputes which may occur. Even more, choosing an appropriate executor or trustee who knows the difference between your interests and their own and who will work for you to protect your interests is vital. You want to be sure that the assets you’ve worked so hard to gain in your lifetime end up in the right place and do so efficiently and as quickly as possible. By planning ahead you will protect yourself and your heirs from state and third party intervention where your interest are not accounted for in case of your untimely death or incapacitation. For example, a parent may fail to select a legal guardian for their minor children, wherefore the court will be left to decide the fate of your precious children. In the same manner if you fail to name a Health-Care Proxy or Power of Attorney and you fall ill or become incapacitated and are no longer capable of managing your money or your medical care the courts rather than someone you trust may make those decisions for you.
Formalizing your wishes can shield your family from further stress at a time when your loved ones are vulnerable and emotional in the face of tragedy. Additionally, it will protect your Estate from creditors, taxes and other parties whom wish to take a piece of your earnings and assets.
Trust & Estates and Family law is often complex and varies from State to State so no general rule really applies. An attorney who specializes in this area can clarify all the principles related to your jurisdiction because after the death of a loved one the worst thing to think about is how one will cope financially.
Contact Singh Law to consult with an experienced attorney in getting your affairs together today and peace of mind for the future.
Singh Law, led by Principal Seema Singh, specializes in the spectrum of Family Law, Business Law, and Trust & Estate Law. Based in Princeton, N.J., we offer free 15-minute consultations for all clients.
Email us at firstname.lastname@example.org or call us at 609-454-3165 today.