Helene P. Dreyer Koch
Roemer & Harnik LLP | 45-025 Manitou Dr
Indian Wells, CA 92210 | Tel: (760) 360-2400
Serving Indian Wells, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, La Quinta and Indio, California
An attorney for over 20 years, Helene P. Dreyer Koch is a partner with the law firm Roemer & Harnik LLP in Indian Wells, California. She is a legal specialist certified by the State Bar of California Board of Legal Specialization in Estate Planning, including Wills, Trusts and Probate. For a consultation, call (760) 360-2400.
Top 5 (Mistaken) Reasons
You Might Not Make an Estate Plan.
This is a common problem. There is so much information out there about estate planning that it can be overwhelming. What’s the best way to overcome this? A consultation with an estate planning attorney is the best place to start. The attorney can assess your situation, assist you in clarifying your wants and needs, suggest a course of action, and ease your fears. The cost for a consultation varies, but some attorneys offer a short consultation for a reduced fee. There is no charge for an initial consultation with Ms. Dreyer Koch.
Most lawyers feel the same way. But a good estate planning attorney should know precisely what each document says, what it means, why every word is in there, and how to explain it to you in an understandable way. Ms. Dreyer Koch will make sure that you understand what everything means and why it’s there.
This is a myth on two counts. First, you probably have more than you think. Even if you do not have a house or large investement account, have you considered your other assets? How about life insurance, retirement plans, heirlooms, personal jewelry, collectibles and momentos, sports equipment, internet assets (websites, blogs, articles, etc.), personal businesses, and potential inheritances from others? Second, estate planning is not just about passing down “the family fortune.” You need to plan for incapacity as well as death. Have you nominated someone to make medical decisions for you? What about a power of attorney for finances? Guardian for minors? These lists could go on. Bottom line? Don’t assume — meet with someone and find out. You may not need a trust or complex plan, but there are basic protections that everyone needs to have.
This will almost certainly cause unintended consequences. Your children may need a court proceeding to transfer your property, which can be costly and nerve wracking. If one adult child gets everything and is supposed to “divvy it up,” it could create gift tax problems, the child’s creditors or spouse could take it, the child could die before this is done, the siblings could start feuding over certain assets and, if a child has died, your grandchildren could receive an inheritance when they are too young to handle it, even if they are legal adults. Too much “self help” often creates more trouble than it was intended to avoid. These are issues that Ms. Dreyer Koch will explore with you during the initial consultation.
PROCRASTINATION is the number one reason people fail to make an estate plan!
Call now (760) 360-2400 for a free consultation.