Planning for you and your family's financial security begins with an estate plan that addresses both the expected and the unexpected. How you protect certain assets, set aside real property, or provide for the continuity of your business can impact taxes, whether or not you qualify for Medicaid benefits should you become ill, and whether or not your heirs encounter legal difficulties regarding the family business.
Additionally, should you become incapacitated and unable to make decisions for yourself, a will or health care directive can ensure that the right 'end-of-life' decisions are made on your behalf. At Hartung Schroeder, our attorneys help clients create estate plans that help reduce uncertainty associated with the future. While you can't always change what will happen, you can protect those important to you by planning for the future through careful estate planning such as creating a detailed will, exploring trust planning, and understanding all your options.
The estate planning team at Hartung Schroeder, advise and represent clients in regard to the following:
- Health care directives
- Special needs trusts
- Revocable / irrevocable trust
- Testamentary trust
- AB trust
- Q-tip trust
- Financial supports for pets
- Charitable remainders
- Powers of attorney
- Conservatorship / guardianship
- Business continuity plan
- Legacy planning
- Health Care Issues, Wills And Powers Of Attorney
While most people don't think it will happen to them, if you are incapacitated due to a serious accident or illness, decisions regarding life support and resuscitation will have to be made by someone. A health care directive allows you to specify when to use resuscitation, up to what point, and what end-of-life decisions are to be made if you are in a vegetative state. Additionally, granting powers of attorney and creating a health care directive enables a loved one to access medical information, and avoid HIPAA restrictions which can create unnecessary delays and legal difficulties. We can help you explore how you want these issues to be addressed and we will draft a document appropriate to your needs and wishes.