Top Asset Protection Attorney Christopher Casey, partner of Casey & Lundregan, P.C. in Salem, MA reveals the importance of creating a robust estate plan sooner rather than later. For more information please visit https://www.caseylundreganlaw.com
Salem, Massachusetts, United States - November 5, 2022 —
Awkward and challenging conversations around death and the implications flowing from that often persuade people to skip estate planning until it is too late, disclosed Elder Law attorney Christopher T. Casey.
For more information please visit https://www.caseylundreganlaw.com.
A recent study from AARP, formerly the American Association of Retired Persons, with millions of members aged 50 and over, points to many Americans not having an effective estate plan.
Yet, with COVID-19 killing hundreds of thousands, and life's ability to continually throw unpredictability at us, it is more important than ever to create an estate plan.
Casey, a Partner of Casey Lundregan Burns, P.C., in Salem, MA, emphasized: "It's not surprising many people delay estate planning and being financially prepared because they don't want to contemplate the inevitable.
"For many, creating an estate plan forces them to confront the end of their lives. But it will reduce the stress and uncertainty of loved ones left behind. A plan addressing you and your family's assets is crucial and should cover both during lifetime and after passing."
Without an estate plan, problems will invariably pop up causing uncertainty about the assets, where they are, how to distribute them, and how to access them and other essential documents.
With advancing age and health problems, Casey asserted that it makes sense to start the estate planning process now while still physically and mentally healthy.
As a first step, people should contact an estate planning and elder law attorney to consult on options and to get an idea of the customized plans offered based on their financial situation, family dynamics, plans, and goals.
He advised: "It would be prudent for married couples to attend financial and estate planning meetings together, so they are on the same page and understand what will happen if either one becomes incapacitated or passes away.”
"Because there are so many factors, setting up the estate and financial plans are not black and white. Approaching the planning process holistically ensures the plan will be thorough."
Casey added: "Once an attorney gets a clear picture of a client's finances and estate, they can help them decide how their assets should be split after passing, and who should manage these affairs during their lifetime by assigning a power of attorney.’’
"So if you're incapacitated, for instance, you will have already appointed a trusted third party to execute your financial and healthcare decisions. But the key is never to put off estate planning until it is too late."
Source: http://RecommendedExperts.biz.
Contact Info:
Name: Christopher T. Casey
Email: Send Email
Organization: Casey Lundregan Burns, P.C
Address: 71 Washington Street, Salem, MA 01970
Phone: 978-741-3888
Website: https://caseylundreganburns.com
Release ID: 89084112
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