We can assist you with your estate plan. Here are some of the typical documents in an estate plan:
Will
A will generally provides specific instructions for the following: the distribution of assets at death, the nomination of a guardian for minor children and their property, and the nomination of an executor to handle payment of debts, distribute assets and handle other administrative matters during probate.
Revocable Living Trust
A revocable trust is a document that provides instructions for the management of property during one’s lifetime and after death. A revocable trust can be amended and revoked during life. Upon one’s death, a revocable trust becomes irrevocable. Trusts can offer tremendous flexibility in the distribution and management of assets. They typically provide more privacy than a standard long-form will and help avoid what are often costly and lengthy probate proceedings.
Power of Attorney
A power of attorney for financial affairs authorizes an agent to engage in various transactions on behalf of another. A power of attorney generally covers assets not already included in a trust. It may take effect immediately, or it may take effect upon one’s incapacity. A power of attorney expires at death, or sooner if the circumstances require.
Advance Health Care Directive
An advance health care directive lets your physician, family and friends know your health care preferences. This includes the types of special treatment you want or don’t want at the end of life, your desire for diagnostic testing, surgical procedures, cardiopulmonary resuscitation and organ donation. By doing this early, you can help ensure the quality of life that is important to you and avoid having your family guess your wishes or having to make critical care decisions for you under stress or in emotional turmoil.
Trust Administrations and Probates
We also assist with Trust Administrations and Probates.