13 Centre Street, New Bedford, MA 02740
508-901-9120
ngomes@ngomeslaw.com
Estate Planning Services
Estate planning is a versatile technique for the orderly preparation of the hardest decisions people make in their life regarding their wealth and health. Estate planning should be utilized for every person eighteen years of age and older given estate planning’s importance, multifaceted nature and the uncertainty of life. Estate planning combats that uncertainty to ensure that your wishes regarding your property and medical care are honored. Benjamin Franklin’s old adage still rings true today, “In this world nothing can be said to be certain, except death and taxes.”
Life is busy and it is easy to overlook the grim topics of sickness, death and taxes. There inevitability requires a person to face them with estate planning rather than ignoring them which may result in unintended consequences. An estate plan is a well thought out strategy for the organization, protection, growth, and transfer of a person’s assets both during life and upon their unfortunate demise. Estate planning can achieve many purposes including: keeping family matters private, creating the most efficient and tax favorable transmission of wealth, appointing trusted individuals for decision making when you are unable to, and controlling your asset distribution upon death to select beneficiaries.
The low cost, benefits, and peace of mind estate planning provides greatly outweighs the financial and emotional burdens associated with not having an estate plan. Failing to create an estate plan may result in high tax burdens, frustration for loved ones, unintended distributions, disgraceful family quarrels, and a waste of time and money on probate court fees.
The estate of a person consists of all of their real and personal property that they own at the time of their death or are considered to hold an interest in. Property that will be included in an estate includes land (real property), ownership interests in businesses or organizations, cash, bank accounts, valuables, jewelry, antiques, automobiles, stocks, bonds, securities, artwork, and most importantly prized personal effects and heirlooms.
Everyone wants to create a legacy for their loved ones, but it is a complex undertaking that must be approached carefully to create an efficient plan that protects heirs while still satisfying the client’s needs. The important aspect of estate planning is that every person is unique and their particular circumstance, needs and goals must be closely studied in order to create a successful estate plan. It is my goal as an estate planning attorney to protect the assets and maintain the integrity you worked hard for over the course of your life. Please contact the office today to arrange for a consultation with a Massachusetts estate planning attorney to evaluate your legal options, discuss your concerns, and plan for your protection. Your legacy depends on it. (508) 901-9120.
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