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Why Should You Plan For Your Death or Disability?

Estate planningEstate planning is actually about eliminating bad outcomes and confusion for those you may leave behind.

Estate planning for your family may simply be the important task of protecting them and other loved ones.  Work with an experienced estate planning attorney. If you’re a couple, you each need to have your own will to say who gets your property following your death. In many instances, the spouses select each other.

In addition, a durable power of attorney allows someone to act on your behalf for financial matters. People typically choose their spouse, if he or she is alive. Be careful if you select someone other than your spouse because he or she can control your money. A significant level of trust is required.

Next, a durable power of attorney for healthcare is needed, in the event that you become incapacitated. Your designated agent can make healthcare decisions for you, which helps avoid arguments between family members concerning what treatment you should receive.

A living will provide details on your wishes about what kind of treatments you do or don’t want at the end of your life (it’s the “pull the plug” document). Make that decision yourself, when you’re healthy and able.

Although it’s not the most fun exercise, doing all this work eliminates many potential problems, and provides several benefits:

  • You’ll provide reasonable financial stability to your family when they can most use it, and can responsibly handle it;
  • You’ll control the timing and method of distributing assets to beneficiaries;
  • You can be certain that your wishes are honored if you’re no longer able to act for yourself;
  • You may provide some tax benefits, so your assets last longer for your beneficiaries; and
  • You can have conversations with your family about what to expect in your estate plan.

Consider estate planning as an investment, and the future return on your peace of mind will be invaluable.

Reference: Martha’s Vineyard Times (December 5, 2017) “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.