Three Key Reasons You Should Make Your Estate Plan Today

A Connecticut estate planning lawyer helps you to prepare a comprehensive estate plan that is appropriate for your current life stage and your current family and financial situation. Many people believe they have endless time to make an estate plan or aren’t sure if they actually need a plan. The reality is, every adult should create a plan to protect themselves and to protect the people that they love. You should not wait to make your plans, either, because the future is never certain. 

Nirenstein, Horowitz & Associates has experience helping people of all ages with the creation of an appropriate estate plan. Your plan can be as simple or as complex as you want it to be, and our legal team will work with you to identify your goals for your plan and to determine the types of legal tools that you can use to best accomplish those goals.

Give us a call today to find out more about the services we can provide. There are many reasons why you should reach out now to get legal advice on the estate planning process, but here are three especially important reasons for you to take action and not wait to make your plans.

Your Future Health is Uncertain

There is no guarantee of anyone staying healthy forever, even if you are currently young and in good health. If you haven’t made plans for what could happen if you get sick or pass away, this creates a host of complications. You could lose the chance to make a determination of who should care for your money and property if something happens to you and you become incapacitated. You could lose the opportunity to determine who inherits property if you pass away with no plans, and your family could end up fighting over your estate. You don’t want to take any chances so you should ensure you’ve put the right legal documents and tools in place just in case you suffer an injury or illness unexpectedly.

You Have People or Pets Depending Upon You

If you have children or pets who you are caring for, you want to ensure you have made arrangements for someone to provide care to these dependents if you get sick, are injured, or pass away. Pets could end up in shelters if you have not made advanced plans for their care, while a custody fight could arise over children if you and the other parent (if there is one) pass away or can no longer care for the kids. You don’t want to leave your loved ones without a designated caregiver in case the unexpected happens.

You Don’t Want to Put Your Assets at Risk

Whether you have a lot of money or have few assets, you still want to protect the money and property that you have acquired though your hard work. There are many possible sources of loss, depending upon your situation.

Your assets could be at risk if you need to go into a nursing home and you have too much wealth to qualify for Medicaid, or you could lose a portion of your estate if you have substantial wealth and estate tax will be triggered after your death.

These are just some of the threats to your wealth that our firm can help you to address. Whether your goal is to protect assets during your life so you can have financial security or you are concerned about what could happen to your money and property after you pass away, we can help you to use tools like trusts, family limited partnerships, incorporation and more.

Getting Help from A Connecticut Estate Planning Lawyer

A Connecticut estate planning lawyer at Nirenstein, Horowitz & Associates can work with you to identify the type of estate plan that you need. If you don’t have anyone who is depending upon your income or who you care providing care for at this stage of your life, we can work with you to determine what you want to happen to your assets and who should act on your behalf if something happens to you.

If you have children or pets who are relying on you for care, or loved ones who are reliant upon your income, we can also help you to make a plan to protect the people or animals who need you.

To find out more about the estate planning process, join us for a free seminar. If you’re ready for the personalized help an experienced, compassionate legal professional can provide to you, give us a call at 860-548-1000 or contact us online today.