If you're in quest of guidance regarding 'elder estate planning', look no further than Janssen Estate Probate & Elder Law. Our team has spent 35 years dedicated to helping its clients in the Kansas City Metropolitan Area make informed decisions for their estate plans. Our firm believes that informed clients can make better estate plan decisions.
Elder estate planning is of critical importance in safeguarding seniors' futures, so this article explores its essentials - its purpose, how to begin, the process, and the benefits of hiring an estate attorney. We will also the criteria for selecting one who aligns themselves with your requirements and how our firm aligns itself to fit into these plans. Our comprehensive guide will assist in helping navigate elder estate planning.
What Is Estate Planning?
Estate planning is a personal guide designed to ensure your assets are distributed according to your wishes. Estate planning goes beyond simply writing out a will, rather it encompasses taking into account finances, healthcare preferences, and loved ones in its strategy.
When Should You Start Estate Planning?
You might be surprised by the answer: right now! Estate planning doesn't just apply to those with significant wealth or elderly parents - creating an early plan can bring peace of mind as well as financial security, providing yourself and your loved ones a gift they will always remember!
How Can I Begin An Estate Planning Process?
Estate planning may seem complex and intimidating at first, but it is a straightforward step-by-step process that anyone can complete successfully. Here is a simplified guide.
- Take Inventory: Compile a list of your personal possessions, assets, and liabilities.
- Establish Your Objectives: Outline your desired goals and priorities regarding the distribution of your estate.
- Make a Will: A will is a document that states how your assets should be distributed upon death.
- Consider Creating A Trust: Trusts offer greater flexibility and control in asset distribution.
- Nominate Representatives: Select individuals to serve as your representatives if you become incapacitated or die.
- Review and Update Your Plan: Make sure that your plan reflects your current circumstances by regularly revisiting it and updating it as necessary.
Why Is It Beneficial To Hire An Attorney?
Navigating the complexities of estate planning requires expertise. A knowledgeable attorney can be invaluable as he or she guides clients through this maze-like terrain.
- Legal Assistance: Attorneys specialize in elder law and probate proceedings.
- Customization: Since each situation is distinct, an attorney will tailor a plan specifically to meet the needs of their client.
- Avoiding Pitfalls: Professionals can assist in helping to avoid common mistakes that could result in legal complications.
- Peace of Mind: Trust that your affairs are being managed by qualified professionals and rest easy knowing that everything will run smoothly.
When Should You Hire An Attorney?
Estate planning should not be treated like other aspects of life - starting the process anytime can only benefit. However, certain events might indicate it's time to consult an attorney about estate matters:
- Marriage or Divorce: Any changes in marital status require you to review and adjust your estate planning in response to their possible implications.
- Birth or Adoption: When welcoming a new member into the family, beneficiary, and guardianship provisions need to be updated accordingly.
- Changes to Finances: If a major event in your finances, such as receiving an inheritance or windfall, has had an impactful change, adjustments may need to be made accordingly.
- Health Concerns: If you have been diagnosed with an incurable disease, it may be important to arrange for an advanced health directive and durable power of attorney.
What Criteria Exist To Help Select An Effective Attorney?
Your estate plan's success hinges on finding an appropriate attorney. Please review these criteria when making your selection.
- Experience: Look for an attorney with proven success in estate planning and probate law.
- Communication: When selecting an attorney you should select one who listens carefully and can explain complex concepts clearly and in simple language.
- Reputation: Reviews and testimonials are an effective way to assess client satisfaction levels.
- Fee Structure: Understanding your attorney's fee structure will help to prevent unexpected surprises.
Why Choose Janssen Estate Probate & Elder Law
Our commitment to excellence in elder estate planning distinguishes us. We adhere to the following criteria in providing such services:
- Specialization: As experts in elder and estate law, our firm offers expert counsel in these complex fields. With decades of experience and a full understanding of all involved complexities, you can count on us for expert legal guidance throughout.
- Proven Track Record: Our firm boasts an outstanding history of serving the Kansas City Metropolitan Area for 35 years.
- Client-First Approach: Communication plays an integral part in estate planning success and therefore is of primary concern when providing estate planning advice and guidance to our clients.
Suggestions for Action
Below are a few steps you can take to begin your journey.
- Set Up A Consultation: Our experts are pleased to offer customized advice based on your unique needs and goals.
- Gather Documents: As soon as you start, gather documents like identification and financial records.
- Communication With Family: Involve your loved ones in your plans to ensure a more efficient process.
- Update Your Plan Regularly: As life unfolds, so must your estate planning. Be sure to update it frequently based on changes in circumstances and life events.
Elder estate planning can be an incredible gift that you give both yourself and your loved ones. By seeking expert advice and taking proactive steps, elder estate planning ensures that your legacy reflects your priorities and values. Contact us today at 913-322-6300 or send us an email on our Contact Page.