• 5 Reasons to Never Live Without an Estate Plan

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    Kathleen Fowler, Esq.
    The Law Offices of Kathleen Fowler, LLC, with offices in Dennis on Cape Cod, and in Wellesley, Massachusetts, and a satellite office in Venice, Florida, provide sound legal advice, caring support and dedicated representation in a broad range of legal matters that are important to protecting the interests of individuals, families and businesses now and in the future.
    Kathleen Fowler, Esq.

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    By Kathleen Fowler

    • You choose the person(s) who will care for you if you were incapacitated.
    • You choose the person(s) who will manage your assets if you become incapacitated.
    • At your death, your documents will direct where your assets will go versus having the laws of your state of residence making that determination.
    • The costs of administering your affairs are reduced significantly.
    • Family conflicts are minimized.

    A thoughtful estate plan prepared according to your specific objectives will provide:

    •  The name of the person(s) who you want to care for you and your assets if you should become incapacitated, which will avoid a lifetime probate court petition and proceeding;
    • The designation of the person(s) who you wish to receive your property and in what manner upon your death, which will avoid probate if you use a funded trust as a part of the plan (you re-title your assets into your trust );
    • The allocation of assets to Husband’s Trust and to Wife’s Trust for married couples in order to avoid an at death probate and to reduce estate tax for the couple’s beneficiaries;
    • The creditor protection and estate tax protection for your beneficiaries by using Trust planning , which benefits are not available by using a Will as your only estate planning tool; and
    • The peace of mind that comes with having made thoughtful decisions about your assets and your family.

    Kathleen Fowler is an estate planning attorney with offices in Dennis, Wellesley and Naples, Florida. She can be reached below:

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    March 22, 2014