Many people believe that estate planning is nothing more than a way to determine “who gets what” when you pass away. While this is of course part of it, comprehensive estate planning provides for much more than just the distribution of assets. A good estate plan, whether revocable trust based or will based, designed and implemented by an attorney who focuses on this area of law, can address a number of needs, including the drafting of a Power of Attorney, establishment of guardians for children, the creation of a variety of trusts, revocable, irrevocable and special needs trust, or the instructions for end-of-life medical care (advanced healthcare directive, living will, and HIPAA release). In addition, the lack of a comprehensive estate plan could lead to disputes among beneficiaries, inadequate protection of your assets from taxes or penalties, guesswork on medical decisions, or the loss of governmental benefits.
Whether your estate is large or small, we understand that it is the product of hard work, sacrifice, careful planning and good decision making. At the Delaware Elder Law Center, we take an inclusive approach to estate planning and provide a full range of services to meet your needs. We will work closely with you to create a complete, comprehensive plan to protect you during times of disability, preserve your wealth, and ensure that your wishes are carried out. Contact us today for a consultation to discuss your unique situation, needs and goals.