Who Can Benefit From Having an Estate Plan?

It is common for people to put off estate planning to another day. There are a multitude of reasons individuals procrastinate when it comes to planning for the future. Often times, misconceptions about what estate planning is all about serve as the basis for delay. Many people believe estate planning is only a concern for the super wealthy or the elderly. In reality estate planning benefits individuals and their families at all stages of life.

Creating a tailored plan can allow you to memorialize your true wishes and desires about how your affairs should be handled should you become incapacitated or pass away unexpectedly. Your friends and family will know your true desires — a gift that will reduce strife, turmoil and even unnecessary expenses that disputes can bring to your loved ones.

Experience in Estate Planning Matters

At The Law Office of Alan B. Frankle in Rockville, Maryland, we take the time to explain what estate planning can do for you, as well as what tools best match your needs to give you the peace of mind that your plan truly meets your needs. Estate planning can be affordable — we offer free initial consultations and flat fees to eliminate surprises along the way.

You will meet one-on-one with a lawyer who has guided our neighbors in the greater metropolitan Washington, D.C., suburbs through the estate planning process for more than 35 years. Attorney Alan B. Frankle prides himself on educating our clients, as well as crafting individualized plans without unnecessary add-ons and frills.

Estate Planning for Every Stage of Life

Estate planning is for everybody. Whether you have amassed a great deal of wealth or have more modest means, your legacy includes not only the assets you have to pass along, but the memories your loved ones share about your favorite possessions, and hobbies.

For parents of young children, an estate plan can give you peace of mind that your children will be in good hands should the unexpected happen to you and your spouse. You can name the guardian to raise your children, keeping that decision close to your heart instead of leaving it up to a judge in the absence of a will. Similarly, you can choose whom you want to speak for you to make health care decisions and manage your financial affairs in a plan, instead of leaving those decisions up to the court should you become incapacitated.

The earlier you put together your plan, the more options you have to preserve your wealth and pass on your legacy. As life changes — due to increases in assets, new additions to the family through marriage or birth, as well as changes in family dynamics related to divorce or the passing of relatives — an existing plan can be updated at affordable rates to remain current with your new circumstances.

Turn to an Experienced Lawyer for Peace of Mind

To learn more about your options and the benefits of an estate plan, we encourage you to arrange a free, no-pressure consultation. Call 301-637-4769 or send us an email to get started. We serve clients in Rockville, Silver Springs, throughout Montgomery County and in Washington, D.C.