It is important for you to ensure that your family is taken care of, your personal and financial goals are met in the event of your medical incapacity or death. No matter what your net worth is, it is essential to have a basic estate plan. It is also important to discuss your wishes with your personal representatives and heirs to avoid confusion and conflict.
A basic estate plan should include a will, a financial power of attorney and an advanced health care directive. These basic estate documents address not only after-death issues like who your assets go to and who administers your estate, but also who will handle your financial affairs and who will be responsible for making medical decisions should you be unable to make those decisions yourself due to medical incompetency. For non-traditional families and Domestic Partnerships it is vital to have an estate plan in place that clearly defines your wishes so that the administration of your affairs is not left to a government that might not recognize your relationships.
Depending on your financial situation and estate planning goals, a trust may be the best vehicle to disburse your assets. Tax consequences are also an important consideration in estate planning and you should seek competent legal and financial counsel when developing an estate plan. Developing a clear and structured estate plan will also ensure that your family and business will not be left in confusion which could lead to costly litigation and familial discord.
At Seacoast Law, estate planning is about more than simply having a will. Understanding the tax code and what happens to assets after death is complex. We are experienced attorneys who will guide you through this complex and sometimes emotional process and help you to ensure that your affairs are in order for you and your loved ones so you can rest easy and enjoy what the future has to bring.
Estate Planning Services
- Consultation, planning and drafting
- Advanced Health Care Directives
- Durable Financial Powers of Attorney
- Estate Probate
Contact Us to Discuss Your Legal Needs
Serving all of Southern Maine, Seacoast Law is located in Westbrook. Call us at (207) 591-7880 or contact us online.