Estate Planning Basics for Newlyweds – How to Get Prepared for the Unexpected
Why should newlyweds care about estate planning? Because everyone - young or old, married or single - needs to protect themselves and those they love. Unfortunately, many couples spend more time planning their honeymoon than they do planning the best way to protect each other. What Happens Without an Estate Plan? This fallout of becoming incapacitated or dying without an estate plan is serious, expensive, and painful. It often causes financial ruin and family discord, lasting for generations. (i.e. Terry Schiavo, Marilyn Monroe, Marlon Brando, Sonny Bono, Michael Jackson, Jimi Hendrix, just to name a few) Without an estate plan:
You will leave your spouse and the rest of your family in the dark - they won't know what you would want to happen if you became incapacitated or died. This often leads to family fights as each individual champions for what she thinks you would have wanted.
You'll leave a huge burden on your loved ones to make tough decisions about medical heroics and the withdrawal of life support.
The court or state law, not you, will decide who makes health care decisions if you are unable to make those decisions yourself.
A judge, not you, will decide who raises your children.
The court can lock down your assets so even your spouse has to get court permission before making a financial move.
Any assets you leave to loved ones can be taken by their divorcing spouses, bankruptcy creditors, medical crisis creditors, predators, and frivolous lawsuits.
You may accidentally disinherit your spouse and your children.
Your beloved pet could end up in a shelter or euthanized.
What Should You Do? We invite you and your new spouse to telephone our office to set up a meeting. We'll walk you through how to protect each other and those you love; how to protect your beloved pets; and how to protect your assets and make things easier for you and your families. Call now, we look forward to hearing from you.
About the Company:
Heritage Law Group, PLLC is a boutique Estate Planning and Elder Law firm assisting residents in Tennessee and Kentucky. We are dedicated to providing client-centered, professional legal services that are individualized through one-on-one consultations. We delight in empowering our clients and community through education and providing specialized resources. Our integrity-driven team will help you protect your legacy while delivering outstanding quality at a reasonable cost.
Owner, Jake Mason, J.D., LL.M. (Elder Law & Estate Planning), EPLS, is board-certified in Estate Planning and Probate, accredited by the United States Department of Veterans Affairs, and licensed in Kentucky and Tennessee. Contact us to schedule a consultation at (615) 989-7054 or firstname.lastname@example.org.
Your Legacy Is Our Priority™