Protecting Your Future And Your Legacy

Estate planning is not just for the ultra-wealthy or retirees, though they definitely benefit from planning. New parents may want to secure a guardian for their child in case something happens to them. An uncle might want to provide for a nephew with special needs. A business owner may want to create a succession plan. All these people need an estate plan, and they all have needs unique to them and their families.

Estate planning and elder law attorney Matthew T. Stillman, J.D., LL.M., has over 25 years of experience helping clients in Connecticut and New York with a wide variety of legal issues, but his firm Stillman & Associates, LLC, is especially well-known in the area for estate planning and elder law services. Whatever your legal goals, he has the skills and knowledge to help you reach them.

Creating A Comprehensive Plan

Estate planning is about more than just deciding who will receive your assets after you die. A comprehensive plan looks out for your interests as you age and looks after your family when you are gone. Documents that may help you do that could include:

• Wills and trusts – As the basis of a plan, your will can nominate your executor, name guardians for minor children and distribute your probate assets after your death. Additionally, there are many types of trusts that can serve myriad purposes, from looking after a child with special needs to providing money for a charity. The most popular type of trust allows you to set it up and control it while you are alive, then name a successor trustee to take over after you die. The benefit is that the assets in your trust will not go through probate.
• Powers of attorney – As you age, you may want to enlist the help of a trusted friend or loved one to make financial decisions on your behalf if your physical health or cognitive function declines. This document allows them to do that and avoid a costly and time-consuming conservatorship process.
• Advance medical directives, health care proxies and living wills – These documents work together to let people know your wishes for medical care when you cannot articulate them yourself.
• Business succession plans – If you own a business, you need to think about what will happen to it if something happens to you.

These are just a few of the available tools for estate planning. To determine which ones will work best for you, he will review all your assets, including real estate, as well as any beneficiary forms you have for investment accounts or insurance plans. Attorney Stillman looks forward to examining the possibilities with you and creating a comprehensive plan that meets all of your needs.

An Approach Based On You

There are many ways to approach an estate plan, from tried-and-true methods that have been around for decades to new and innovative ideas. After presenting you with all your options, attorney Stillman will allow you to make the final decisions based on your comfort level and your goals for the future.

Start Planning Today

If you are ready to start planning, contact the firm’s Guilford office to schedule an appointment. You can either reach out online or call 860-764-2980 today.