The Top Reasons To Create Or Update An Estate Plan
At Hassett & George, we have a national reputation for integrity resolving estate planning concerns for our clients in Simsbury and Glastonbury, as well as throughout Connecticut and around the country. As a result of our many years of experience in this area, we know just how important it is to plan ahead.
If you don’t have an estate plan, or you haven’t updated your plan recently, you should strongly consider doing it as soon as possible. We want to help you prepare for what happens to the assets that you are going to leave behind. That can only happen if you make the commitment to updating your estate plan whenever you go through a big life change such as:
View “Law Talks” Videos with Attorney Steven Basche
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- What’s Estate Planning Anyway?
- Do I Really Need A Will?
Adding A New Member Of The Family
Welcoming a new member of the family, a grandchild, niece or second cousin twice removed, via birth, marriage or adoption, is an exciting time. You do not necessarily have to be close to a new family member to care for them and want them to benefit from your estate.
A Loss Of A Family Member
When a spouse passes away, the living partner is often the primary beneficiary. It is a difficult time for the survivor, but they will then need to make decisions about how their property will be handled after they pass on.
An Unexpected Financial Windfall
Winning the lottery, getting a large settlement, selling a business or even inheriting a sizeable sum of money is a life-changing moment. The flip side, however, is ensuring that your newfound wealth is protected for the next generation. There are many tools you can use, such as setting up trusts and conservatorships, and you want to speak with a lawyer to best craft a plan for your assets.
Changes In Your Health
Knowing that your health is in question could be one of the final chances you have to settle your estate affairs. Leaving the legal outcome for your assets uncertain creates challenges for your surviving family that could lead to probate litigation and family strife.
Young Adult Estate Planning Package
Hassett & George has developed the Young Adult Estate Planning Package.
Here’s what it includes:
- Power of Attorney for Health Care Decisions – Allows you to make health care decisions on behalf of your young adult child
- Durable Power of Attorney – Allows you to make financial decisions if your young adult child is unable to do so themselves
- FERPA Release – Allows you to access your young adult child’s educational records
- HIPAA Waiver – Allows doctors and insurance companies to talk to you about your young adult child’s medical issues and bills
How much does it cost?
$250 for 1 child; $50 for each additional child; $50 discount for existing clients
How do I get this done?