|Common concerns about estate planning|
Protect your family and wealth with an up-to-date estate plan. By having a plan, you direct who you pass your assets to, when and how they are passed on, and you protect your loved ones against unnecessary fees, delays, and taxes. You will ensure the inheritance you leave to your heirs is protected in the event of a disability, from divorce, lawsuits, and financial predators. Now is an excellent time to secure some peace of mind by having your legacy clearly and effectively documented.
Common concerns about estate planning:
What if your surviving spouse gets remarried? Does your plan provide protection for your estate from the new family?
What about lawsuits and creditors’ claims? A vast number of living trusts aren’t drafted to protect the estate from these judgements. Therefore, you need to be careful about who you work with to create your estate plan.
How about nursing home expenses? This year, the average for a nursing home stay in Pima County is over $89,000. Thousands of seniors a year go broke because of these long-term care costs. Have you addressed how to protect your home and estate from these expenses?
What if your kids get divorced or get sued? Many folks want to protect their spouse and kids from creditors, lawsuits, divorce, or foolish financial decisions. Unfortunately, many estate plans don’t protect against these risks. Most documents give the assets outright to the kids when Mom and Dad are gone. You don’t want to do this. With divorce rate around 50%, you cannot afford to ignore this very real danger: in Arizona a divorcing spouse can walk away with 50% of your assets if proper provisions are not in place.
What if you have a child or grandchild with special needs? If a child with special needs inherits wealth, all of their government benefits will stop immediately, including health care benefits. You may inadvertently do more harm than good by your gift. A well-drafted estate plan can pass on the wealth while preserving the benefits.
You hear too many stories about how families waited too long to do their planning. There simply is no reason to leave your family with a complicated mess to contend with while they are still dealing with the pain of your loss. You owe it to your family to make sure your estate plan is current and complete. Our mission is to make sure you have the information you need to make wise decisions.
|John A. Gravina. Born in Boston, Massachusetts, September 24, 1960; admitted to Arizona State Bar in 1990; Personal Injury, Social Security Disability, Workers’ Compensation, Wills and Probate.
Education: University of Massachusetts (B.S. 1983); University of Arizona (J.D. 1989). Judicial Clerk, Judge Norman S. Fenton, Superior Court, Pima County, 1989. Adjunct Faculty, Pima Community College, 1993-Present. Member: American Bar Association; Pima County Bar Association; State Bar of Arizona; National Organization for Social Security Claimant Representation; Tucson Organization for Social Security Claimant’s Representatives; Arizona Trial Lawyers Association.