Elder Law is a fairly new area of law focusing on the issues that are confronted by the fastest growing section of America's population, senior citizens. It mixes features of Estate Planning, Medicare/Medicaid Planning, Wills and Trusts, Conservatorship and Health Care Planning.
Pete Fields, a Greenville Attorney, from Greenville, South Carolina, works to warn the elderly and their loved ones of complications that frequently result if estate planning concerns and issues are not fixed fast, If you delay too long, it may very well be too late to get your affairs dealt with in the manner you wish!
Here is just a short list of the things thisGreenville Estate Planning Attorney can help you handle:
Save on Death Taxes, Estate Taxes and Income Taxes
Scale down and Even Eliminate Assisted Living Facility Costs
Take Care Of Family Properly
Increase The Amount of Income You Keep, Safeguard Your Life Savings
Pass along An Inheritance To Your Family
Plan for The Care That You Will Need Before That Time Arises
Make The Proper Investments
Why You Have To Deal With Estate Planning As Soon As Possible!
There isn't anyone that enjoys dwell upon the anticipation of his or her own mortality. However, if you postpone planning for your passing until it's too late, you run the risk that planned beneficiaries -- those people that you love and adore -- may not be given what you'll want them to inherit whether it is because of unnecessary taxes or disputes among your heirs. This is why planning your estate is so essential, regardless of how small your estate might be! Estate planning provides a means, while you're still alive, to make arrangements so that that your assets will go to those that you wish, the way you desire, and in the time you desire. It allows you to save as much as you can on taxes, court costs and attorneys' fees; and it affords the relief that those you love can mourn over your death without being simultaneously overwhelmed with needless red tape and financial difficulty. Every estate plan need to cover, at least, two essential tools for estate planning: a durable power of attorney and a will. The first is for managing your property while you are alive, in case you aren't able to do so on your own. A will is for the distribution and care of your property after death. In addition, more and more, Americans are using revocable trusts in order to stay away from probate and to officiate over their estates both while they are living and once they've died. How do I know if I need this service?
-No legal documents
-Have documents which are old and your kids are adults
-Your documents no longer express your wishes
About the author:
Pete Fields is a Greenville estate planning lawyer in Greenville, SC. He also has an office located in Clemson,SC that has a Clemson estate planning attorney. This information is for general informational purposes only and does not constitute legal advice. For more specific questions, speak to an experienced elder law attorney. 2007 The Fields Law Firm
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