Leading estate planning attorney Michael T. Huguelet founder of the Orland Park Law Office of Michael T. Huguelet, P.C explains how you can protect your hard-earned money from unforeseen events. For more information please visit https://www.hugueletlaw.com
Orland Park, Illinois, United States - August 7, 2023 —
Unforeseen events can often have devastating consequences, but proactive planning can help guard assets and protect one’s family in the long run, mentioned Estate Planning and Elder Law Attorney Michael T. Huguelet.
For more information please visit https://www.hugueletlaw.com
In an interview this week, he elaborated how the likes of a will and a family trust can make a situation easier when a person passes away or becomes incapacitated. A will specifies who will be the executor to carry out a person's wishes, determines who will provide the care of any young children, and outlines how property and assets will be divided.
"Dying without making a will can cause unnecessary grief for family and may provoke fights in areas where there is doubt over the estate," said the founder of the Law Office of Michael T. Huguelet, P.C.
"Dying intestate could result in the probate court allocating assets in a way a person never intended. While we can't control every aspect of our lives, we can control what happens to our assets. Estate planning will help avoid any room for argument."
Estate planning should include detailed health care and financial powers of attorney, and he advised consulting a specialized lawyer as part of this process.
Mr Huguelet said: "A Health Care Power of Attorney with healthcare directives is vital when a person cannot make medical decisions. It allows a nominated person (your Healthcare agent) to make those decisions on your behalf, based on your written instructions.”
“This also rings true for the Financial Power of Attorney as a trusted person (your Financial agent) will ensure that your financial matters are handled properly and settled appropriately.”
He recommended listing an alternate person as both an executor and/or agent under the Powers of Attorney if the first choice, usually a spouse or child, cannot fulfill the role.
Mr Huguelet concluded: "Estate planning can help save you and your family from needless additional expense, future headaches and heartaches if something untoward happens.”
Source: http://RecommendedExperts.biz
Contact Info:
Name: Michael T. Huguelet
Email: Send Email
Organization: Law Office of Michael T. Huguelet, PC
Address: 10723 W. 159th St. Orland Park, IL 60467
Phone: 708-722-8442
Website: https://www.hugueletlaw.com
Release ID: 89104086
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