Estate planning isn't about how much money you have...

 

It's about protecting what you have for you, during your lifetime and for those you love after you’re gone.  It ensures what you have gets to the people you love, the way you want, when you want.  

It involves working with you to meet your goals when it comes to managing your assets, making medical decisions, making legal and financial decisions, and making decisions regarding your loved ones that are dependent on you. 

 

Traditional estate planning while alive and well and alive and disabled or incapacitated generally uses tools such as medical powers of attorney, financial and legal powers of attorney, HIPAA authorization forms, living wills or personal care plans, and trusts, usually revocable living trusts.

Traditional estate planning for death uses tools such as wills, revocable living trusts, and irrevocable trusts.

 

Traditional Estate Planning Goals:

Traditional estate planning goals generally focus around making sure you retain the ability to control and protect while you are alive and well, alive and disabled or incapacitated, and upon your death. 

Traditional estate planning upon death generally uses wills and trusts to meet client goals.  Common goals in traditional estate planning include, but are not limited to:

  • Minimizing probate costs

  • Avoiding probate

  • Naming personal representatives

  • Naming powers of attorney

  • Naming guardians for minor children

  • Naming guardians for family members with disabilities or special needs

  • Making outright distributions of assets

  • Excluding specific people from the benefit of the estate

Chawla Legal Group provides clients with strategies and tools to meet their estate planning goals.  Register for an upcoming workshop or call to learn more.

Take the Next Steps!

For more information, call (586) 273-7157 or register for a free estate planning workshop today.