Everyone has an estate of some sort. Unfortunately, not everyone recognizes that they do have assets and other belongings that do make up an estate. For this reason, it is not unusual for people to think that they have no need of an Estates Attorney in Washington Indiana until they amass some sort of financial assets. The fact is that there is no need to wait until then. Even someone who owns next to nothing can benefit from working with this type of attorney.
Putting Important Documents in Place
An Estates Attorney in Washington Indiana can assess the financial affairs of a client and make suggestions that help position that client to begin amassing wealth. At the same time, the attorney can help the client draft some basic documents that everyone should have in place. This includes a last will and testament that spells out how the client would like his or her personal assets distributed to loved ones once he or she is gone.
That same attorney can make suggestions that impact the welfare of the children, such as securing life insurance that pays directly to a trust fund, or creating documents that designate caregivers if the parents should pass away. The value of naming an administrator to oversee the settlement of final expenses and the sale or property is also another issue that the attorney is likely to raise.
Discussing the Future
With a foundation put in place, the attorney can move on to providing advice on how to create additional financial security. This includes securing various types of investments, opening and contributing to personal retirement plans, and even setting aside a little money each month to go into some sort of savings or other interest bearing account. Even if the contributions are modest at first, every penny creates a little more wealth that protects the client from unforeseen financial emergencies.
For people who think they have nothing in the way of an estate, schedule a consultation with the Feavel Law Office. After that first meeting, those clients will see their holdings in a brand new light. With a little planning, they can use what they currently have as the basis for increasing their wealth and reach a level of financial security that they never thought possible.