Estate planning is about more than curbing taxes because it’s about more than money; that’s why we call a good estate plan "The Gift that Keeps on Giving" and that’s why estate planning works for estates of all shapes and sizes.
Dealing with the disability or death of a loved one is extremely stressful. Commonly, a good portion of stress derives from uncertainty surrounding the wishes of the person who is ill or who has passed. Children do not want to decide whether to keep a parent on life support. Aunts and uncles do not want to decide who should care for their late sibling’s children. A spouse won’t always know what to do with their partner’s treasured possessions, or how the bills get paid, or where to find passwords to important online accounts.
You have the power to reduce the stress and panic your family will face upon your death and disability, by having a plan. That plan will tell the people you love the most what to do if you are sick and how to manage your affairs after you die. Through an Advance Medical Directive, you decide whether and when you want to be taken off of life support. Through a Will, you name a Guardian for your children. By completing our Cherish Letter, you document the location of your property and other assets. And, yes, a proper estate plan maximizes your ability to provide financially for your growing children, for elderly parent(s), or charity.
You care for those you love during your active life, and with an estate plan, you continue to do so in the event of your illness or death. Call us at (301) 468-3220 or email us at info@altmanassociates.net to get started, or to update a plan you’ve already made. We look forward to helping you.
- Gary Altman, Esq., Brenda Bosch, Esq. and Coryn Rosenstock
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Estate Planning: The Gift That Keeps on Giving
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