Estate Planning

Estate planning is an important process that involves making decisions about how your assets will be distributed after you pass away. However, not all estate plans are created equal, and different individuals and families have unique needs and circumstances that require a tailored approach. This is where Cara Law comes in - offering estate planning services that are diverse, unique, and customized to meet the specific needs of each client.
Cara Law provides individualized, custom estate planning and elder law services ranging from the creation of Wills, to planning for Medicaid eligibility. We work closely with you and your family to help secure your future, while keeping your best interests in mind. Estate and life planning with Cara Law will give you peace of mind, knowing we are always on your side. 
Whether you are single or part of a couple, in a blended family, have disabled or adult children, are a member of the LGBTQ community, a widower, elderly, or own a small business, Cara Law can provide comprehensive estate planning solutions that address your unique situation. With years of experience and a commitment to personalized service, Cara Law is dedicated to helping clients protect their assets, provide for their loved ones, and achieve peace of mind through a customized estate plan.

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The consequences of an outdated or non-existent estate plan

Not having an estate plan can have serious consequences for you and your loved ones. Here are some of the potential outcomes of not having an estate plan in place:
  1. State law determines how your assets are distributed: If you die without a will or other estate planning documents, state law will determine how your assets are distributed. This means that your assets may not go to the people you would have chosen and could lead to unnecessary family disputes.
  2. Your minor children may be placed in the care of strangers: If you have minor children and both parents die without a will, a court will determine who will become the legal guardian of your children. This could result in your children being placed in the care of strangers instead of the people you would have chosen.
  3. Your estate may go through probate: Probate is the legal process of settling an estate after someone dies. If you don't have an estate plan, your estate will go through probate, which can be a lengthy and expensive process. Your loved ones may not receive their inheritance for months or even years.
  4. You may pay unnecessary taxes: Without proper estate planning, your estate may be subject to estate taxes, which can reduce the amount of money your loved ones receive. Estate planning can help minimize or eliminate estate, and other, types of taxes.
  5. You may not have control over medical decisions: If you become incapacitated and cannot make medical decisions for yourself, without an advanced directive, your loved ones may not know what medical treatments you would want. They may also have to go through a lengthy court process to be appointed as your legal guardian.
Not having an estate plan has multiple consequences such as,  your assets going to unintended beneficiaries, your minor children being placed in the care of strangers, your estate going through probate, unnecessary taxes, and a lack of control over medical decisions. Therefore, it is crucial to create an estate plan with the help of an experienced attorney to ensure your wishes are carried out and your loved ones are protected.
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Planning ahead, doing your due diligence and hiring a great attorney makes a big difference when it comes to estate planning. Cara Law will help you properly plan out your estate, take time to make sure you understand each component and feel comfortable with everything. Our estate planning services are comprehensive and affordable. Contact us today to schedule your estate planning appointment.