When you have the TV remote in your hand, you’re in control and decide what channels to watch. Do you ever get frustrated when someone else has the remote and is not watching what you want?
Keep control as your life changes. While you are alive and well, you make all the decisions that impact you. What happens if you became disabled, have a stroke, or get stages of dementia? Who takes control? If you do not have a plan in place, the State and Court take control of determining who will make legal, financial, and medical decisions for you. The Court will decide who will take care of your minor children. A properly tailored estate plan can keep you in control throughout your lifetime. Make sure you have a plan that determines who controls:
Your finances, and give them guidelines in your Power of Attorney
Your health care and give them instructions in your Health Care Power of Attorney
Your daily activities and set guidelines and instructions in your Living Will
Who will be the guardian of any minor children you may have
How your business will continue or wind down
Stay in control even after you die! Without an estate plan, who controls what happens to your possessions and when you die? Again, the State and Court take over. If you do not have a plan in place, the Court will determine who will administer your estate, how the property will be distributed, and who will take care of your minor children. This will all take place during a lengthy, costly, and burdensome probate process. A properly tailored estate plan can keep you in control even after you die. Make sure you have a plan that determines:
What your wishes and guidelines will be after you die
Decide who will carry out those wishes and guidelines
Decide who will take care of minor children upon your death
How your possessions will be distributed
How your business will continue or wind down
How to provide your beneficiaries asset protection from disability, lawsuits, divorce, addictions, nursing homes, and any other predators or creditors they may have.
There is more to planning than just giving a lawyer a list of information or completing an online wizard to get a document drafted. Chawla Legal Group, PLC specializes in creating a comprehensive plan that meets your goals and updates to keep you in control through life and legal changes, and upon death.
Come to our next workshop and learn the options that estate planning can provide you and your loved ones. To reserve your seat, go to www.chawlalegal.com/workshops or call: (586) 273-7157. Seating is limited, so register today. You must register to attend.