If you're in your 60s, 70s, or beyond and haven't yet created an estate plan, you're not alone-but now is the time to take action. Estate planning isn't about giving up control. It's about protecting everything you've worked for and making sure your wishes are honored when the time comes. Contact us by either using the online form or calling us directly at 414-253-8500 for legal assistance.
Why Estate Planning Is a Gift to Your Family
When parents take the time to put an estate plan in place, it gives their children more than just documents-it gives them:
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Peace of mind in a crisis
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Clear direction during emotional moments
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Less stress and legal burden
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Protection from family conflict and court delays
Most importantly, it ensures your decisions-not the government's-guide what happens to your finances, home, health care, and legacy.
What Happens If You Wait Too Long?
Many people assume estate planning can wait until they're older or ill. But waiting can lead to:
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Court involvement to manage finances or health care decisions if you become incapacitated
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Probate, a public legal process that can delay the transfer of your assets
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Family disagreements about who should do what and who should receive what
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Higher legal costs and potential taxes
The best time to plan is before a health or legal issue arises. Acting now gives you more flexibility and options.
It's Not Just About a Will
A complete estate plan does much more than say who gets what. It gives you control over:
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Your medical care
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Who can manage your finances if you can't
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How your property is passed down
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Avoiding unnecessary court involvement
The Core Documents Every Individual Should Consider
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Last Will and Testament: Directs how assets should be distributed and names guardians (if applicable) or executors.
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Revocable Living Trust: Helps avoid probate, protects privacy, and allows for smooth transition of assets.
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Durable Financial Power of Attorney: Allows a trusted person to manage finances if you become incapacitated.
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Health Care Power of Attorney: Appoints someone to make medical decisions if you are unable to.
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Living Will (Advance Directive): States your preferences for life-sustaining medical care if you're terminally ill or in a persistent vegetative state.
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HIPAA Authorization: Lets your doctors share important health information with those you trust.
Each of these documents protects your interests and reduces the burden on your loved ones.
You're Not Handing Over Control-You're Taking It
One of the biggest misconceptions is that estate planning means handing power over to your children or the government. That couldn't be further from the truth.
With a thoughtful plan in place:
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You decide who will handle your affairs if needed-not a court.
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You choose how and when your property is distributed.
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You determine the kind of medical treatment you want or don't want.
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You remain in charge of your financial and legal decisions for as long as you are able.
Your plan only goes into effect when you choose-or when it's truly needed.
Common Reasons People Put Off Estate Planning-And Why It's Time to Start
Many well-meaning individuals delay estate planning for understandable reasons. If you've thought or said any of the following, you're not alone:
"I'm not rich enough to need an estate plan."
Estate planning isn't just about wealth. It's about protecting your wishes, your health, and your family-no matter your financial situation. Even modest estates benefit from a plan that avoids probate, limits stress, and gives clear instructions to your loved ones.
"I'm healthy right now-I'll do it later."
That's exactly why now is the best time. Planning while you're healthy gives you the widest range of choices and avoids emergency decision-making under stress. Accidents or illnesses don't wait for a convenient time.
"My kids can figure it out."
Without clear instructions, even close families can face confusion, delays, or legal issues. Estate planning takes the pressure off your children, giving them peace of mind when they'll need it most.
Estate Planning Can Actually Save You Money
Planning ahead isn't just smart-it's cost-effective. Without an estate plan, your assets may:
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Go through probate, which involves court costs and attorney fees
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Be distributed according to state law, not your wishes
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Be exposed to unnecessary taxes or claims
With a proper estate plan, you can:
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Minimize taxes and expenses
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Keep your estate private and out of court
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Plan for long-term care costs in a way that preserves your savings
It's Easier Than You Think
A skilled attorney will guide you through each step, helping you:
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Clarify your goals - Who should inherit, when, and how?
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Choose decision-makers - Who will handle things if you're unable?
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Complete essential documents - Tailored to your specific needs.
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Update as needed - Your plan can evolve with you.
You don't have to know all the answers-just be willing to start the conversation.
Your Legacy, Your Terms
Whether you want to:
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Provide for your children or grandchildren
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Support a charitable cause
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Pass on a family property
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Make your health care choices known
Estate planning helps ensure your values and decisions are respected. You've spent a lifetime building your legacy-estate planning helps secure it.
Work With an Attorney Who Respects Your Goals
At Heritage Law Office, we believe estate planning is about listening first. We work with individuals and couples to create personalized plans that reflect their unique needs, wishes, and concerns.
Whether you need a simple will or a comprehensive trust plan, we're here to help you move forward with confidence.
You can also learn more about related topics, such as how often you should review your estate plan or the difference between a will and a revocable trust.
Contact an Estate Planning Attorney Who Puts Your Wishes First
Taking this step is one of the most powerful things you can do for yourself-and your family. We're here to make the process comfortable, respectful, and productive.
Contact Heritage Law Office today by calling 414-253-8500 or using our online contact form. Let's create a plan that protects your future and honors your legacy.
Frequently Asked Questions (FAQs)
1. Do I really need an estate plan if I don't have a lot of money?
Yes. Estate planning isn't only about wealth-it's about making sure your wishes are honored regarding your health care, property, and the people you care about. Even if you own a home, have a bank account, or want someone you trust to make decisions if you're incapacitated, an estate plan is essential.
2. What's the difference between a will and a living trust?
A will directs how your assets should be distributed after death but usually goes through probate, a court process. A revocable living trust lets your assets pass to loved ones without court involvement, can help you stay in control while you're alive, and is typically more private and efficient.
3. What happens if I become unable to make decisions and I don't have powers of attorney?
If you become incapacitated without powers of attorney, your family may have to go to court to get guardianship. This process is public, time-consuming, and costly. Having a Durable Financial Power of Attorney and a Health Care Power of Attorney allows someone you trust to act on your behalf right away.
4. Is estate planning only about what happens after I die?
No. A well-rounded estate plan also protects you while you're living. It includes documents that guide your financial and medical decisions if you're ever unable to make them yourself, ensuring your independence and dignity.
5. Can I change my estate plan later if my situation changes?
Yes. Your estate plan should be reviewed regularly and updated after major life events like a move, a death in the family, changes in financial status, or new grandchildren. A good attorney can help ensure your documents stay current and effective.