Estate Planning and Asset Protection Often Goes Overlooked
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MS79.com
Dec 30, 2013, 12:20:16 PM12/30/13
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Article Title: Estate Planning and Asset Protection Often Goes Overlooked
Author: MS79.com
Word Count: 538
Article URL: http://www.isnare.com/?aid=1876285&ca=Real+Estate
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It is commonly noted by financial planners that the areas of estate planning and asset protection are two of the most overlooked financial planning topics. Many people tend to focus on retirement and investment allocation, but often forget to protect those assets they spent significant portions of their time and effort building. Protecting those assets, as well as planning for the future are extremely important parts of financial planning and overall financial well being.
When selecting an estate planning attorney, be sure to pick a lawyer who has signifcant experience dealing with estate planning, and also has a well rounded background in the subject.
Practice areas of estate planning firms typically include basic and advanced estate planning, elder law, probate and trust administration, business succession planning, and more. Estate planning services generally include wills and revocable living trusts, durable powers of attorney, healthcare proxies, living wills, irrevocable trusts, charitable and education trusts, among others.
Elder law services will typically include Medicaid/Masshealth long-term care planning for nursing home care, Medicaid asset-sprotection trusts, guardianships, and conservatorships. It is important to research and learn about estate planning prior to seeing an attorney, in order to gain a grasp of what you can expect. Look for an attorney who takes a hands-on approach, and personally guides his clients through each and every stage of the planning process. At the initial meeting you can expect the attorney to listen carefully to the yourconcerns and learn about your unique personal, family and financial situation. As a result you should have established a comprehensive estate plan to address their concerns and situation.
The core goal of all good planning is to protect your assets so most of them end up going to benefit your family, and are not lost along the way to taxes, court costs, creditors, or divorce. At the second meeting you will generally work together with you and other advisors, tailoring the estate plan to achieve your unique values and goals. Once the plan is written, you will have to sign the plan documents. If the plan includes a living trust, you will have to fund (or transfer title of their assets into) your new trust.
Every lifetime plan developed should strive to leave your hard-earned property on to your family and protect against loss through from high nursing home costs.
Again, when selecting a estate planning attorney be sure to check references, prior work history, and be sure that you will ultimately be happy with the end results. Protecting your hard earned assets is often overlooked, but don't be one of the bunch that regret not having estate planning settled before it is too late.
Conveniently located in North Attleborough, they serve clients from Massachusetts and Rhode Island, and especially the communities of North Attleborough, Norton, Attleboro, Mansfield, Foxboro, Rehoboth, Seekonk, Pawtucket, and Providence. Now is the time to consult a lawyer. Delay simply postpones the plan, the solution � call them today and take the first step toward peace of mind now.
John Stone recommends Deschene Law Office http://deschenelaw.com/ as a very knowledgeable Rhode Island and Massachusetts estate and asset protection attorney
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
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Please consider this free-reprint article written by:
MS79.com
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1876285
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1876285
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Estate Planning and Asset Protection Often Goes Overlooked
Author: MS79.com
Word Count: 538
Article URL: http://www.isnare.com/?aid=1876285&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1876285
Easy Publish Tool: http://www.isnare.com/html.php?aid=1876285
*********************** ARTICLE START ***********************
It is commonly noted by financial planners that the areas of estate planning and asset protection are two of the most overlooked financial planning topics. Many people tend to focus on retirement and investment allocation, but often forget to protect those assets they spent significant portions of their time and effort building. Protecting those assets, as well as planning for the future are extremely important parts of financial planning and overall financial well being.
When selecting an estate planning attorney, be sure to pick a lawyer who has signifcant experience dealing with estate planning, and also has a well rounded background in the subject.
Practice areas of estate planning firms typically include basic and advanced estate planning, elder law, probate and trust administration, business succession planning, and more. Estate planning services generally include wills and revocable living trusts, durable powers of attorney, healthcare proxies, living wills, irrevocable trusts, charitable and education trusts, among others.
Elder law services will typically include Medicaid/Masshealth long-term care planning for nursing home care, Medicaid asset-sprotection trusts, guardianships, and conservatorships. It is important to research and learn about estate planning prior to seeing an attorney, in order to gain a grasp of what you can expect. Look for an attorney who takes a hands-on approach, and personally guides his clients through each and every stage of the planning process. At the initial meeting you can expect the attorney to listen carefully to the yourconcerns and learn about your unique personal, family and financial situation. As a result you should have established a comprehensive estate plan to address their concerns and situation.
The core goal of all good planning is to protect your assets so most of them end up going to benefit your family, and are not lost along the way to taxes, court costs, creditors, or divorce. At the second meeting you will generally work together with you and other advisors, tailoring the estate plan to achieve your unique values and goals. Once the plan is written, you will have to sign the plan documents. If the plan includes a living trust, you will have to fund (or transfer title of their assets into) your new trust.
Every lifetime plan developed should strive to leave your hard-earned property on to your family and protect against loss through from high nursing home costs.
Again, when selecting a estate planning attorney be sure to check references, prior work history, and be sure that you will ultimately be happy with the end results. Protecting your hard earned assets is often overlooked, but don't be one of the bunch that regret not having estate planning settled before it is too late.
Conveniently located in North Attleborough, they serve clients from Massachusetts and Rhode Island, and especially the communities of North Attleborough, Norton, Attleboro, Mansfield, Foxboro, Rehoboth, Seekonk, Pawtucket, and Providence. Now is the time to consult a lawyer. Delay simply postpones the plan, the solution � call them today and take the first step toward peace of mind now.
John Stone recommends Deschene Law Office http://deschenelaw.com/ as a very knowledgeable Rhode Island and Massachusetts estate and asset protection attorney
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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