“If we do not choose to plan, then we choose to have others plan for us.” – Richard I. Winwood
Thinking about leaving this world is a pretty touchy subject. That might be why only 40% of people take the time to plan for what, in all reality, is inevitable. The truth is that a proper estate plan is the best way to protect your loved ones and assets after you’re no longer able to. I would be willing to be that most people don’t even realize what having even a simple estate plan can do for them. For starters, here are ten reasons everyone should have a will.
The Fundamentals of Estate Planning
Estate Planning transcends the existence of the planner. Those who pass leave behind an imprint on the lives of all those they’ve touched; they leave behind a legacy. While memories pass naturally to loved ones, physical things require a little bit more attention. The role of an estate planning attorney is to ensure that one’s wishes are honored when that person is no longer able to do so themselves. Chris helps clients memorialize their wishes by providing comprehensive and creative solutions through a number of estate planning strategies and documents.
Some of the basic documents Chris helps clients prepare include:
Healthcare Powers of Attorney
Financial Powers of Attorney
Inter-Vivos Property Transfers
The Future of Estate Planning
Estate planning has traditionally been a very specialized area of legal practice. Not only does it involve the sensitive subject of death, but it also requires comprehensive knowledge of tax law, contract law, family law, intellectual property law, and business law. In today’s day and age, however, it doesn’t stop there.
With rise digital technology there are a number of additional considerations that must be taken into account. For example, what happens to a decedent’s online accounts and identity? Now that intellectual property is almost effortless to create, what should happen with the decedent’s digital photos and videos? Most importantly, how will the estate plan account for unforeseen but certain technological changes in the future?
I’ll admit, some of these issues may sound trivial at first. However, they have very real consequences. Appreciating the estate planning is an area of law that requires extensive contemplation about what the future may bring, Chris Newberg offers insight that goes far beyond the bounds of traditional wills and trusts. He’ll help you plan for the future.
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