PLANNING DURING PEAK EARNING YEARS

As someone between the ages of 40 and 55, research shows you are in your peak earning years. This is also a peak time to review your estate plan. Do you have all your ducks in a row?

Address Issues Before They Arise

Your estate plan should include a Will, a durable power of attorney, and an advance healthcare directive. A Will, of course, only goes into effect after your death. But the other documents very much affect you and your family right now.

For example, incapacity becomes more of a possibility as we age. If you do become incapacitated, your family will not have the authority to act on your behalf without the proper estate planning documents. A general durable power of attorney will allow a trusted family member or friend to handle your financial and legal decisions. Otherwise, your family would have to file for a conservatorship to gain the authority to help you. The money and time spent going to court could have been better spent.

Doctors may find themselves confused about who to consult with regarding your health. Due to privacy laws, they usually cannot talk to others about your medical treatment without authorization. An advance healthcare directive allows someone you trust to speak for you. Otherwise, a family member would have to file a guardianship petition with the court in order to consult with your healthcare providers. An expensive, time consuming court case doesn’t help anyone.

Let the Long-Term Care Planning Begin

This is also a perfect time to lock into a long-term care insurance policy or asset care policy. Age and pre-existing medical conditions may make it difficult or impossible for you to qualify for these important policies later in life. Some asset care policies may even provide the benefit of a life insurance policy or annuity payable to your beneficiaries.

In addition, estate planning tools like asset protection trusts may help you protect your ability to qualify for government benefits, while preserving your children’s inheritance.

Estate planning can protect everything you have for everyone you love.

At Miller Estate and Elder Law, we make it our business to help clients like you make thoughtful, informed decisions about their estate planning.

To learn more, attend one of our FREE estate planning workshops. Please call 256-472-1900 to register for a workshop or to schedule an initial consultation. You may also request an appointment through our website. We have offices in Anniston, but also serve clients in Gadsden, Hoover, Talladega, Vestavia Hills, and surrounding areas.

Contact Us

Testimonials

“We started with a group of lawyers and helpers and ended with new friends! Everyone was so nice and friendly, even outside the office, and you always knew us by name. You were very professional, helpful with all questions and you put things on a human level.”

Wendell & Martha

“I am very satisfied and optimistic about what will happen to my children and my assets after my death. Mr. Miller explained everything to me and gave me information to help me make these decisions. You’re outstanding and I am completely satisfied with the results of my encounter with this firm.”

Geneva

“We expected a complete estate established that protects our assets and we received that protection. Your firm did an excellent job!”

Hayward & Naldia

“Bill and Mary were very much people persons. Your firm is competent as well as personable.”

Charles & Susie

“Working with you (Miller Estate and Elder Law) has been a pleasant experience.”

Chris & Dot

“I got a firm that was caring, understanding and knowledgeable. No one can beat Miller Estate and Elder Law Attorneys!!”

Lynn

Miller Estate and Elder Law

 256-472-1900
bill@millerestateandelderlaw.com

Anniston Office

818 Leighton Ave.
Anniston, AL 36207

Birmingham Office

100 Perimeter Park S Suite 100 N
Birmingham, AL

Disclaimer

A decision on legal services is important, and should not be based solely on advertisement.

No representation is made that the quality of the legal services to be performed is greater than the quality of the legal services performed by other lawyers.

Please be aware that sending an e-mail to Miller Estate and Elder Law, does not create an attorney-client relationship and that you therefore are not entitled to have us treat the information contained in such an e-mail as confidential. An attorney-client relationship is not created until we consider potential conflicts of interest, agree to represent you, and confirm our representation in a written engagement letter to you. If you are interested in establishing an attorney-client relationship, we invite you to call or visit with us.

The Basics of Estate Planning in Alabama

Download Your Free Copy Today and Learn How to Protect Your Loved Ones!

Please watch your inbox for confirmation.