Elder Law is a fairly new law area handling the issues and problems that are faced by the most quickly growing division of the United State's population, seniors. Elder law mixes elements of Estate Planning, Conservatorship, Medicare/Medicaid Planning, Health Care Planning and Wills and Trusts.
Pete Fields, a Greenville Lawyer, from Greenville, South Carolina, works to caution the elderly and their children of the complications that frequently come up if estate planning issues aren't resolved quickly, "If you wait, it might be too late to get your affairs taken care of how you want!
Here's just a small listing of what this Greenville Estate Planning Attorney will help you handle:
Make Suitable Investments
Take Care Of Loved Ones and Family Suitably
Make Plans for Care That You Will Need Before That Time Appears
Save on Income Taxes, Death Taxes and Estate Taxes
Pass on An Inheritance To Your Family
Lower and Even Eliminate Assisted Living Facility Bills
Increase Income You Keep, Preserve Your Life Savings
Reasons You Should Deal With Estate Planning Right Away!
Nobody likes to dwell upon the thought of their own mortality. But if you shelve making plans for your departure until it's too late, you'll risk that your intended beneficiaries -- people that you love most -- might not be given the things you want them to receive whether it is resulting from undesirable taxes or squabbling among your heirs. These are reasons planning your estate is so vital, and it doesn't matter how small your estate may be! Estate planning provides a means, while you're still living, to ensure that your property and assets will go to those that you want, in the way you want, and when you wish. It provides a way for you to save as much as you possibly can on taxes, court costs and attorneys' fees; and it provides the comfort that your family and children can mourn over your death and not be weighed down simultaneously with undesirable red tape and financial complication. All estate plans should incorporate, at the very minimum, two important tools for estate planning: a durable power of attorney and a will. The first is for controlling and managing your property and assets during your life, in case you're ever unable to do it on your own. A will is for the dispersal and management of your assets and property after death. In addition, more and more often, Americans are utilizing living or revocable trusts in order to escape probate and to regulate their estate both once they are gone and while they are living. How do you know if you require estate planning help?
-No legal documents
-Have documents which are out of date and your kids are adults
-Have documents which no longer exhibit your wishes
About the author:
Pete Fields is a Greenville estate planning attorney in Greenville, SC. He also has an office that is in Clemson that includes a Clemson estate planning lawyer. The information in this article is for general informational purposes only and does not constitute legal advice. For specific concerns or questions, you should talk with a skilled elder law attorney. 2007 The Fields Law Firm