It may be uncomfortable to talk about, but planning for the end of your life or a situation where due to disability you are unable to manage your assets is important. Planning decreases stress on family members and eliminates uncertainty around what happens with your assets when you’re no longer able to manage them. The end of a person’s life can be one of the most stressful times for family members. Aside from losing someone you love, finances become an issue when a loved one passes away. You may have to make decisions about burial costs, funeral or cremation expenses, and taxes, among other issues. In addition, if you are faced with long-term care issues and unable to manage your assets due to disability, you will likely face the same concerns around costs. Chesapeake Wills & Trusts help families better plan for their futures and protect assets with Wills and Trusts, Succession Planning, and more.
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