When many people think of an “estate plan”, they mistakenly believe that having one is just for the very wealthy or they believe that they can postpone making an estate plan until retirement. An estate plan, however, is something everyone needs, including young adults who just want to provide protection and security for their children and families. Estate planning involves the use of legal concepts and documents to implement your wishes both before and after you pass away. Estate planning can help you with the following:

• Controlling the division and distribution of your assets and property after your death;
• Creating a durable power of attorney and advanced medical directive to help your loved ones manage your estate and your health care in the event you become mentally or physically incapacitated;
• Ensuring, in a second or subsequent marriage,  that you provide for both your new spouse and your children from a previous marriage
• Minimizing your estate tax liability; and
• Updating an existing estate plan after significant life changes (such as, adoption, divorce, and marriages).

At Szabo, Zelnick & Erickson (SZE), we will answer questions you may have about the process or:

• Creating and funding a revocable trust;
• Drafting a will (which may or may not include a testamentary trustNaming an attorney-in fact through the use of a durable power of attorney; and
• Creating an advance medical directive (which includes a “living will” and medical power of attorney).

Once we understand your unique circumstances, we'll propose an estate plan that is tailored to your needs. It is our priority to ensure that you fully understand the decisions you are making throughout the process and that you are happy knowing your estate is in order.

The issues associated with estate planning are often difficult to consider, but once you consult with an experienced planning estate attorney at SZE, you will achieve a peace of mind that is priceless. We do everything that the law requires to ensure your wishes are carried out just the way you envision them.