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Estate Planning Helps You Live Better

Estate plansI really don’t care who gets my money…

A single man in his mid-40s with no real family may not understand why it’s important for him to do some estate planning. He might be making an assumption that estate planning only deals with death. That’s not true.  Estate planning now means not just what happens with your assets when you pass away, but it also concerns issues when you’re alive.

Think about what you and your family would do, if you were in an accident and couldn’t handle your financial affairs. In those situations, a court may decide to appoint an individual to manage your affairs. The odds are that the judge will appoint someone who doesn’t know you. That means you have no idea what they’ll do. It’s not as easy as you’d think to regain your power once you’re healthy again.

Who do you think is going to pay to have your affairs managed? That would be you.

These are a few good reasons why you want to have an estate plan. In the unlikely event, you can’t handle your affairs, you’ll have someone you want to assign that task.

Another issue that concerns having an estate plan now, is medical decisions. You should have a medical durable power of attorney that lets you state in writing your wishes when it comes to medical care and also designates the person you want to make those decisions. If you don’t appoint someone, the doctors and the hospital will make medical decisions. Those decisions may not be what you would have wanted. An estate plan lets you convey your wishes regarding a medical situation.

You can see that it’s important to quit thinking of estate planning as only planning for death. It’s a pretty confusing and complex world that’s constantly changing. You need to protect yourself.

A great way to give yourself added security—regardless of whether you’re single, divorced, married, or whatever—is to make certain you have an estate plan and the legal documents in place to protect yourself,  whatever the circumstances.

Reference: Hometown Life (November 12, 2017) “Estate planning not just important in death”

 

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We've been putting together as many resources as possible so that we can continue to help:

  • If you’re a current client with a signing appointment or a prospective client with a consultation and would prefer that meeting take place in your own home, we can accomplish that with a little bit of pre-planning on our part and with the addition of a laptop, smartphone, tablet or other computer in your home to facilitate this virtual meeting. For those of you that need to sign legal documents, that too can be accomplished with the use of a webcam (FaceTime etc.), so that we can witness and electronically notarize all of your important legal documents.
  • We launched the rollout of our on-demand webinar early so that new clients and our allied professionals can view the important component parts of ‘an estate plan that works’ at their convenience.  That is available on our website.
  • Live video workshops will be produced as quickly as possible and certainly ahead of our previous schedule; we will keep you posted as these events become available. Given the ‘boutique’ nature of the firm, we rarely have more than ten people in our office including team members at any one time. During this period of ‘social distancing,’ we promise to have no more than 8 people at any time.   This allows us to comply with the Governor’s directive to limit in-person gatherings.
  • The best way to communicate with us is still by phone during regular office hours of 8:30 to 5:00, Monday through Friday, or, you can email any of our team members (that is, their first name followed by @zarembalaw.com).  We will respond to these emails as quickly as possible.
  • Please continue to follow the directives of our local, state, and federal agencies. For your health and in consideration of our team who is assisting you, if you’ve scheduled an office appointment or planned to drop off paperwork and are experiencing a fever, dry cough, or shortness of breath, please contact your primary care doctor for guidance and then our office to reschedule.

Thank you, Walt and the Zaremba Team

Coronavirus/Covid-19
Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.