Many times, when people think about estate planning, they think of ultra rich families and businessmen. Movies such as “Brewster’s Millions” or shows like “Silver Spoons” come to mind because many people have been taught to believe the only people who need to make plans for their possessions are those who are noticeably wealthy. However, that is a huge miscalculation many families are still making today. People who have health conditions, assets they wish to distribute to particular relatives or friends, and those who are parents should request to speak with a professional who can prepare the proper documents for their situations.
Cheryl Takabayashi provides legal advice with a focus on Estate Planning Hawaii HI. Having a law practice, a master’s in marriage and family therapy, and a strong sense of community, she understands the need for families to discuss sensitive topics to minimize obstacles down the road. For instance, while a person may not be a millionaire, she may have accumulated a profitable business and savings she wishes to leave to her minor children; however, she may need to make plans earlier than expected after learning she has breast cancer. This woman needs to understand what her options are and how to protect her business in case there are complications. Perhaps a man undergoing a kidney transplant would like to appoint his son as having charge over him in case he is not coherent to make decisions for himself during medical procedures and recovery. He would need to ensure his son is given the proper authority and correct documents to act as his power of attorney.
Due to the unpredictability of life, those who have anything they consider valuable can’t afford to take the chance that they will dodge every circumstance thrown at them. Living wills are not just for the disabled or elderly, and guardianship is not limited to children. The more complex a family situation, the more important it becomes to learn what is available with Estate Planning Hawaii HI. Whenever there is a major change in family dynamics, such as with marital status, family size, or income, families should update their documents to reflect the current situation to avoid trying to battle it out in court later.
Business Name provides legal advice with a focus on Estate Planning Hawaii HI. Having a law practice, a master’s in marriage and family therapy, and a strong sense of community, she understands the need for families to discuss sensitive topics to minimize obstacles down the road.
