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Greenville Attorney Urges Senior Citizens and Their Children To Get Estate Planning Affairs In Order Elder Law is a fairly new specialized law area that deals with the issues faced by the most quickly growing division of the United State's population, senior citizens. Elder law combines features of Estate Planning, Health Care Planning, Wills and Trusts, Conservatorship and Medicare/Medicaid Planning. Pete Fields, a Greenville Lawyer, from Greenville, South Carolina, warns seniors and their kids of difficulties that sometimes come up if estate planning issues and concerns are not settled in a timely manner, If you wait too long, it could be too late to get your affairs taken care of the way you wish! Here's just a partial list of the things thisGreenville Estate Planning Attorney will help you in handling: Save on Estate Taxes, Income Taxes and Death Taxes Increase Income You Keep, Preserve Your Life Savings Care for Family Satisfactorily Pass along An Inheritance To Your Loved Ones Reduce and Possibly Eliminate Rest Home Bills Arrange for Care That You'll Require Prior to that Time Occurring Make Proper Investments Why You Have To Work On Estate Planning Now! Nobody wants to dwell upon the expectation of their own passing away. However, if you shelve making plans for your death until it is too late, you'll run the risk that your planned recipients -- those people who you love and adore -- may not be given what you would want them to receive no matter if it is resulting from exorbitant taxes or quarreling among your heirs. This is why estate planning is so essential, and it doesn't matter how large or small your estate might be! Estate planning provides a means, while you are still living, to make sure that your property and assets goes to those that you want, in the way you want, and in the time you desire. It permits you to save as much money as you possibly can on taxes, court costs and attorneys' fees; and it affords the satisfaction that those you left behind can mourn over your death without being simultaneously weighed down with needless red tape and financial complication. Each estate plan need to cover, at least, two necessary estate planning tools: a power of attorney and a will. Power of attorney is for controlling and managing your property while you're alive, in case you're ever unable to do so on your own. The second is for the supervision and distribution of your property and assets after death. In addition, more and more often, Americans are using revocable (or living) trusts in order to escape probate and to regulate their estate both while they're living and once they have died. How will you know if you require estate planning help? -Have no legal documents -Have old documents and your children are adults -Your documents no longer express your wishes About the author: Pete Fields is a Greenville estate planning attorney in Greenville, SC. He also has an office in Clemson that includes a Clemson estate planning attorney. This information is for general informational purposes only and does not constitute legal advice. For specific concerns or questions, speak with a skilled elder law attorney. 2007 The Fields Law Firm Pete Fields is a Greenville estate planning lawyer in Greenville, South Carolina. Find more information on Greenville lawyers and estate planning.
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