It doesn’t matter what stage of life you’re in, or what your income bracket is, your family will always need some estate planning.
Everyone has an estate. Your estate consists of everything you own from big-ticket items like your house or car to investment and retirement accounts, and everything in between.
Preparing your estate for inheritance is something all adults must do. To prevent confusion and ensure your last wishes are carried out the way you want them to (and not how the state of Connecticut thinks you should) you should speak to an estate planning attorney. Creating and writing this plan is what estate planning is all about. It is much more than just a basic will.
At Veller Law, we can help you with Connecticut Estate Planning. Estate Planning includes:
- Instructions for your care if you become disabled or need long term care
- Living Will
- Instructions for passing your values such as religious beliefs
- Advanced Healthcare Directives
- Specific provisions for loved ones who might be irresponsible with money or who may need future protection from creditors or divorce.
- Naming the proper beneficiary of life insurance proceeds and retirement accounts.
- Instructions for the transfer of your business at your retirement, disability, or death.
- Naming a guardian and an inheritance manager for minor children.
- Provisions for family members with special needs without disrupting government benefits.
- Estate tax planning to avoid tax burdens
A properly constructed estate plan will provide a smoother transition for your family and loved ones when you are no longer able to make life decisions. An estate plan carries out your wishes while providing peace of mind for your family.
Estate Plans Are Not Just for the Wealthy
Estate planning is not just for retired individuals or the rich. Everyone should have a properly written estate plan. If you don’t then the state of Connecticut will apply a default plan that will likely not provide the provisions as you would want them.
If you become disabled, a court, not your family, will control how your assets are invested and used.
If you have a minor child, and both parents die without an estate plan, a court determines who will raise your child. Any inheritance directed to your minor child will be controlled by a court instead of a family member. Once your child reaches the age of 18 they are given the inheritance without any instruction or guidance.
We believe these matters should be handled by you and your family, not by a court or the state of Connecticut.
Give the Law Office of Haley Veller to discuss your estate planning needs. Give you and your family the peace of mind it deserves.