MICON Financial Services
Worcester | Westborough

Voice: (508) 793-0780
Fax: (508) 793-8280
email:
web: www.miconfs.com

Estate Planning

MICON's Planning Services

Too often, individuals believe that estate planning is about avoiding taxes. Avoiding taxes is part of the planning process, but focusing on preserving and protecting your family is the primary emphasis of estate planning.

Too often, individuals believe that they have so few assets that an estate plan is not necessary. In reality, individuals and families tend to have more assets than we realize.

Estate planning is…

  • Who will inherit your property when you die?
  • What kind of medical treatments do you want to receive – or avoid – if you become critically ill?

Estate planning is thinking about those questions and others, before a major illness or death occurs. Estate planning is deciding how you want financial and medical affairs handled if you become incapable of making your own decisions. Estate planning is having a Durable Power of Attorney, and a Will or a Trust.

Parents of disabled children face greater questions in planning for their children's social, medical and financial needs. If, your child inherits too many assets he or she may be ineligible for government benefits such as Supplemental Security Insurance (SSI), subsidized housing, personal attendant care, or Medicaid. Estate planning allows you to take control of your child's emotional and financial security, so that your child will be cared for in the way you intended.

MICON’s Personal Financial Profile is your first step to estate planning. It will help us gather, organize, and analyze pertinent information about you and turn it into a comprehensive picture of your assets and an analysis of how protected your estate is. Your profile will help us initiate Plans of Action to help you protect your estate for your family, and to achieve your goals for financial success. Lastly, we recommend that you take a copy of your Personal Financial Profile to your personal attorney or investment advisor before implementing the plan. If you don’t have a personal attorney or investment advisor, we would be happy to refer you (The Power of Team).