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Many people believe estate planning is only for the elderly and the rich. In reality, if you have any amount of money or property, you have an estate that needs protecting. And if you have family members that depend on you, it's never too early to start planning your estate. We can help you make the right decisions for you and your family through our sister company,The Law Offices of DuPont and Blumenstiel.
Our Estate Planning and Elder Law team helps our clients implement plans ranging from very simple to complex with advice and documents appropriate for their particular planning needs, including:
Many people attempt to draft these documents themselves. While some simple estate plans can be done this way, you risk using incorrect legal terminology. This can leave your true wishes and desires unclear and can have a disastrous effect on your estate. An unclear estate plan can lead to family disputes, and ultimately a potential will contest action. This legal process can quickly eat away at your estate, leaving little money for your intended heirs. It’s important to have a professional draft and review your estate planning documents to make sure that your wishes are clear.
Life insurance is a crucial part of estate planning because it provides financial support to loved ones when you're no longer here. By naming beneficiaries, you ensure that your family receives a tax-free payout, helping them cover expenses like debts, mortgages, education, daily living costs, as well as funeral expenses. This can ease the financial burden they may face after your passing. Additionally, life insurance can be used to offset estate taxes, preserving more of your assets for your heirs.
But how do you know which policy to choose? Our partnership with PolicyGenius allows you to compare personalized quotes and policies from top-rated insurers side by side. If you'd like the help of an expert before buying, we're always here to provide you with 100% unbiased support!