Estate Planning Law
Planning for your death is not a pleasant thought. Many people put off Estate Planning so as not to face their own mortality. Unfortunately, the failure to plan can mean extra stress on loved ones, substantial delays and perhaps your Estate not be disbursed as you may have intended.
Planning for the future, should be done now. Our clients meet with an attorney to discuss the various options available. This can include preparation of a Will. Sometimes a Trust is a better choice. There is more to Estate Planning then who gets what. Consideration must be given to who will be responsible to care for any minor children. Who will make decisions regarding your healthcare if you are unable? These are just a few of the items that need to be reviewed in order to make your Estate Plans.
A will is what most people think of when it comes to Estate Planning. A Will sets for the disposition of your assets upon their death. Depending on the value of the Estate a probate proceeding may need to be started in court.
A Trust sets for the control of assets during your lifetime, and sets forth distribution upon your death. The Trust can set specific guidance for what and when someone may receive assets from your estate. You designate a person to act as Trustee, and that person is responsible for the assets held in the Trust. The Trust itself will provide the instructions as to how the assets are to be distributed.
This document can be used to identify individuals you want to take care of your minor children in case you are no longer able. This helps to guide courts in appointing a Guardian for your children.
Durable Power of Attorney For Health Care Decisions
Using this document, you can identify the person(s) who will make decisions regarding your healthcare in the event you are unable. You can give specific instructions and guidance to help them make decisions based upon your desires.
Call and schedule a review of your estate plans.