Who is Estate Planning for?
Hi. I’m Gary the owner of DeWitt law. We take care of you so you can take care of your family. Start now at DeWitt dot law.
Estate planning is for anyone over 18 who wants to care for themselves, their family, and protect their money.
Estate planning has 2 sides. The side most people think about is leaving their property to others. But, the other side is as important or more important to a quality life. That side is having people picked to help make your decisions if you can’t or are unable to.
For example, my son is 21 years old and in the Army National Guard. When he is deployed or on active duty, then we can take care of his business at home through the durable power of attorney. My daughter works at a summer camp. While she is gone, we can take care of her affairs through a durable power of attorney.
In both cases, if they get hurt, we can manage their healthcare because they signed healthcare powers of attorney. They also signed waivers allowing healthcare professionals to talk to us.
If they hadn’t done these things, then if or when something happens, we would end up in court getting the permission of a Judge to make those decisions. We would have been subject to reporting to a Judge. The Judge would enforce the State’s plan.
You see, if you don’t create your plan, the State has written one for you. Their plan is necessarily generic and controlled by a Judge using State law.
Powers of attorney become more important as we get older. Auto accidents, medical incidents, and more happen without warning. Dementia often creeps up and leaves us incapable before we know it.
If you own anything of consequence, then you should have a plan for passing it on without probate. Cars, houses, retirement accounts and more are subject to probate unless you plan in advance.
We take care of you so you can take care of your family. Start now at DeWitt dot law.