Maine Estate Planning Lawyers
Estate plans are often associated with the elderly and wealthy, but anyone
with assets can benefit from a comprehensive plan. Simply put, estate
planning involves putting in place strategies and documents to manage
your affairs and property while you are alive and to insure efficient,
orderly distribution of your property when you pass away. An estate plan
should be put in place as soon as a person has assets and should be reviewed
periodically to accommodate significant events in one’s life. When
you retain Moncure & Barnicle, our experienced attorneys can create
an estate plan which is aligned with your goals and desired situation.
Our firm is committed to best interests of our clients. Call (888) 446-7668 today for your
free case evaluation.
Five Reasons to Create an Estate Plan Now
- To educate yourself as to the value of your own estate.
- To make sure you choose the person who will manage your affairs when needed.
- To make it easier for your family to deal with your incapacity (if you
become so ill you need help to manage your affairs) and the management
of your estate when you pass away.
- To minimize the need for probate in life (guardianship/conservatorship)
and in death (probating your estate).
- To insure that as much of your estate goes to who you want it to without
interference from the government, lawyers, or anyone else!
Five Reasons to Review Your Estate Plan Periodically
- To assess the current value of your estate.
- To adapt your estate plan for a change in family situation such as death
of a spouse, remarriage, children becoming adults and disability.
- To insure your plan keeps up with changing probate and tax laws.
- To minimize the impact of long term home care and Mainecare recovery laws
on your property.
- To educate yourself about new tools and strategies that will save you and
your estate money.
Basic Estate Planning Documents
At the very minimum, every adult should have:
- A will in which a personal representative is named to distribute your property
after your death according to your wishes.
- A durable power of attorney, which names a trusted person to manage your
affairs while you are living.
- A living will and/or a health care power of attorney, which provides guidance
with end of life decisions in accordance with your instructions.
Parents should name a guardian for their minor children in their wills,
and may want to include a family trust as a device to provide financial
support of the children.
Make Sure Your Wishes Are Honored. Call Our Firm Today.
At Moncure & Barnicle, our Topsham estate planning lawyers can help
you put together an estate plan that will allow you to manage and distribute
your property the way you want and give you the peace of mind that comes
with having a plan in place.
Ready to learn more?
Contact our firm today!