The Importance Of Proper Estate Planning

Estate planning is an important part of an individual’s plans; it involves your family, other people that are important to you and, in many cases, charities. Not only does it involve people and organizations, it involves your assets and the types of ownership that are involved. A Social Security, workers compensation & estate planning lawyer / attorney in Stanton can help you look after others as well as prepare for your own future needs in the event you reach the point where you can no longer care for yourself. Proper estate planning lets you determine:

   * Who will manage your assets and how they will be managed in the event you cannot manage them yourself
   * To whom and under what circumstances might you consider distributing all or part of your assets while you are still living
   * To who and how will your assets be distributed upon your demise
   * Who will be held responsible for your care should you not be in a position to care for yourself

Effective estate planning involves far more than simply preparing a will, it involves tax issues, business succession and the financial future of generations to come. A will is only a tool that is used as a part of the planning process; there are other complimentary documents that are needed as well.

A seasoned Social Security, workers compensation & estate planning lawyer / attorney in Stanton will be the first to tell you that everyone should plan their estate, regardless of its size. You need to assign the responsibility of caring for the disposal of your assets and their management to someone you know and trust.

A lawyer is an absolute must for those that have amassed a reasonably large estate; there are ways to preserve your assets for your loved ones and mitigating the tax obligation that will become due upon your death.

A Social Security, workers compensation & estate planning lawyer / attorney in Stanton cannot do anything about death but he or she can certainly see to it that your assets are dealt with most advantageously. You are invited to discuss your thinking with the Law Office of Norman J. Homen.