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Estate Planning is About Planning for a Lifetime


IncapacitatedWithout the proper planning, an incapacitated person’s medical care could be delayed and their bills would go unpaid.

Did you realize that with the proper legal documents in place, were you to become incapacity and unable to make decisions for yourself regarding your health and your wealth, you stand to make a tough process even tougher for your loved ones? Let’s review, once again, exactly what legal documents you need:  

  • An advance health care directive indicates your healthcare choices and is used only when you are unable to communicate your wishes. Ask your estate planning attorney about the one specific to your state.
  • A power of attorney for finances lets you designate an individual to manage your financial affairs in the event you become incapacitated. If you fail to complete this form and you need help, a judge may appoint someone for you.
  • A HIPAA release form lets those named in your advance health care directive and your power of attorney access your healthcare information to work on insurance issues if you are unable to yourself.
  • A revocable living trust, unlike a will is effective from the moment it is signed and very often is a better way of handling your financial assets during your lifetime.  While a Durable Power of Attorney can grow stale overtime, this is not the case with a trust which is a recognized legal entity at its formation.  It is also a much better way to transfer property upon your death, as it is confidential, faster, and more flexible than the probate process. With a living trust, your wishes may be less likely to be contested than with a probated will. A trust may certainly be your best option; all you need is to schedule your complimentary consultation to learn if that is the case.

Not having an estate plan can be time-consuming, stressful, and costly for your heirs. Your estate will have to go through the probate process. There's also a good chance that your property won't be distributed as you wanted. By taking the time to create a carefully considered estate plan that clearly states your wishes, your family will have the peace of mind of knowing they did exactly what you wanted. Consult with an estate planning attorney; we can help you with that, call us at 757-259-0707.

Reference: Nerd Wallet (March 11, 2016) "10 Keys to Proper Estate Planning"

 

 

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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.