Romulus Estate Planning: Wills and Trusts

Do you have a will? Are your assets protected or will family members squabble over money after you die? Are your assets protected from your greediest relative, Uncle Sam? Have you made plans for long-term hospitalization and long-term elder care

You might not have answers to these questions. Good estate planning begins with talking to an estate planning lawyer. Attorney Todd Barron is ready to help meet your estate planning needs as well as elder care law requirements. Whether you require a simple will or a comprehensive trust, Mr. Barron is ready to answer your questions and provide you with the help that you need.  

Advance estate planning is critical to making sure your assets are protected from the government, don't get wasted in unnecessary probate fees, and end up in the right hands. Lack of proper estate planning can potentially expose your estate to tax rates as high as 50%, seriously cutting into anything you might have left for your loved ones. Simple and affordable steps taken today can save tens of thousands of dollars in probate costs and allow your family access to your money when they need it most, rather than having your accounts tied up for months.  

Probate & Estate Planning for Young Adults and Middle Age Couples

Everyone should have an estate plan in place, not just the sick or elderly. Waiting until retirement to formulate a proper estate plan might preclude you from sheltering certain assets from higher mandatory contributions to medicare. Medicare benefits in the case of long term care can wipe out significant assets when that money would be better used to support your family. An effective estate plan can also protect your assets for minor children, provide for their education, and make sure that they are taken care of in the manner you desire.  

Living Will

Smart estate planning also makes it possible for you to maintain control over your long term medical care in the event you become incapacitated by letting your wishes known through the designation of a Patient Advocate. Without this, your care may be left to the decision of medical professionals without any consideration to your wishes or those of your family members. Keep control of your medical care, and keep it a personal decision, not in the hands of the doctors and insurance company case managers. 

Many probate cases can be easily avoided by using some simple and cost effective techniques. A modest sized estate can save thousands of dollars. Taking the time to plan now can reap great benefits for your spouse and your children. Contact our office to find out how we can help you and your family by planning ahead. 

 


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