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Questions to Help Start Your Estate Planning

If you have never engaged in the estate planning process, then getting started can seem somewhat overwhelming. There are many decisions you need to make concerning how your assets will be distributed.

Hiring a good elder law attorney is essential to getting a good plan. The attorney can help guide you into making good decisions.

However, you do not need to wait until you see the attorney for the first time before making some key decisions.

Asking yourself the right questions can get you started.

Market Watch offered some suggestions in “Giving your money away when you die: 10 questions to ask,” including:

  • Do you have more than enough money to meet your own needs? This will help you figure out whether you want to start a “gifting” plan to shrink the size of your estate.
  • If you cannot make your own medical decisions at the end of your life, who would you like to make them? This will help you make sure you get an appropriate person named on a health care power of attorney.
  • Will the federal estate tax be an issue for your estate? If you are not a multi-millionaire, you will not need to worry about the tax.
  • Does your state have its own estate or inheritance tax? While most states have abolished their estate taxes, a few still have them. Therefore, it is important to know whether your estate could be affected by your state’s taxes.
  • Have you investigated any charities that you want to support? If you plan to leave some money in your estate plan to charity, it is important to make sure the charities you choose are reputable.

Reference: Market Watch (Oct. 29, 2017) “Giving your money away when you die: 10 questions to ask.”

Hear From Our Clients
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“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce