Why Is Estate Planning Important?

Estate Planning is for You

It is crucial that every individual have key life documents to protect themselves and their assets in the case they become critically ill or are unable to make important life decisions. These documents may include:

  • Power of Attorney
    A power of attorney delegates responsibility for legal and financial tasks to another person in the event you are unable to take care of them on your own. Some of these tasks could include basic tasks such as paying bills or managing business activities.

  • Healthcare Proxy
    A healthcare proxy delegates responsibility for important medical decisions to another person in the event you are unable to make these decisions for yourself.

Estate Planning is for your Loved Ones

Estate Planning can be a difficult but necessary task that helps you to protect your loved ones from legal and financial worry and anguish at an already difficult time. Attorney Dvorkin will review your estate to take into account items such as tax consequences and probate. This will ensure that your hard-earned assets are transferred as you wish, rather than being diminished by taxes and government fees. These documents may include:

  • Will
    A Will can ensure that your wishes for distribution of your assets and other matters are known and can be carried out as you would want.

  • Trust
    A Trust can be a significant part of a strategic plan to avoid the expense of probate.  Trusts can be revocable or irrevocable.

Learn more about Estate Planning Services offered by the Law Office of Marina Dvorkin.