LA GRASSO | ABDO | SILVERI
PEACE THROUGH PLANNING
How We Can Help
La Grasso, Abdo & Silveri, PLLC is committed to providing quality and customized estate planning for individuals, couples, and families. We believe in the importance of advanced planning and preparation to not only ensure that your assets are distributed as you desire upon your death, but also to enable you to designate an agent in the event of your incapacity and appoint a legal guardian for your minor children.
The first part of a full estate plan includes incapacity planning. Did you know that if you are over 18 years of age and you become incapacitated (e.g., you suffer a stroke, are in a coma, develop Alzheimer’s), no one can automatically step in to make your medical or financial decisions? Not your spouse, not a parent (once you turn 18 years of age), and not an adult child of yours. The probate court will appoint someone to make your medical and financial decisions unless you appoint your own decision-makers in a Durable Power of Attorney (for financial decisions) or a Patient Advocate Designation (for medical decisions).
The second part of a full estate plan includes a distribution plan for assets upon your death. Having a comprehensive estate plan will enable you to:
- Avoid probate court
- Distribute assets to financially immature beneficiaries in a way that prevents them from foolishly spending their inheritance
- Distribute assets to many beneficiaries, charities, organizations, etc. in various percentages or dollar amounts
- Select back-up beneficiaries in case your primary beneficiaries pre-decease you or pass away before they receive their full inheritance