Louise B. Zeuli, P.A. - Attorney & Counselor at Law Louise B. Zeuli, P.A. - Attorney & Counselor at Law

Estate Planning

Estate planning is a two-sided coin:

1) Guardianship, in which you plan for your physical and/or mental disability/incapacity
 
2) Probate, in which you plan for your death.

Planning for those circumstances can be a daunting task. Because an asset of any kind can be owned in many ways, and life's circumstances change, such as adoption, divorce, or death, any successful estate plan must consider those different types of ownership and how they best harmoniously work together to meet your goals. Our objective as your estate planning attorney is to help you coordinate the ownership and passing of your assets at the time of your death so that your goals are met, including avoiding probate.

Certain documents are essential for even the smallest estate.

1) Last Will & Testament

2)
Durable Power of Attorney

3)
Health Care Power of Attorney

4)
Living Will

Another document, the Revocable Living Trust, is also helpful to have. Depending on how you hold title to your assets, a Revocable Living Trust, while not guaranteeing you will avoid probate, helps maximize your chances of doing so.

When preparing for a meeting with the estate planning attorney, bring the above list of documents and the following if available:

5) All trusts and all amendments

6)
Beneficiary designations from IRA’s, SEP-
    IRA’s, Simple IRA’s, life insurance,
    mortgage insurance, Payable on Death 
    accounts,

7)
Deeds showing title ownership of assets
    (homes, automobile, motorcycle, boats)






Getting Started

 

Getting started is often the most difficult hurdle to overcome in addressing your particular concerns. The Firm’s questionnaire will help you get organized and prepared for the meeting. If you would like to meet with Ms. Zeuli, please contact the Firm to set up an appointment. The personnel at the Firm look forward to helping you achieve your objectives in planning your estate, probating a loved one’s or friend’s estate, or, as the case may be, resolving conflicts among beneficiaries, heirs, and with other life and business issues.

 

Ask these 6 questions to try to avoid missteps when making an estate plan.

1. Do you have an estate plan in place in case you or a loved one suffer/s a catastrophic illness?

2. If you have or are thinking of having a trust, did you know that you also always need a will?

3. Do you own property in a way that will minimize the changes of your estate being placed in probate, i.e. designating beneficiaries of your IRA's?

4. Have you consulted an estate planning attorney and discussed different ways to create and carry out your estate plan?

5. Have you selected persons who are emotionally strong enough to make your plan happen, even in your darkest hour?

6. Once you have selected the person/s to act for you, have you discussed your estate plan with each of them?

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