ESTATE PLANNING: A BLUEPRINT FOR YOUR LEGACY
Without proper estate planning, your family and worldly possessions may not be taken care of the way you had imagined. Giving your survivors legal direction for how to distribute your assets and fulfill your final wishes ensures the process is cost-effective, fast, and easy on your loved ones. Together, we will work with you to ensure a well-designed estate plan that will be effectively executed and administered.
Common estate planning documents:
- Advanced Medical Directive (AMD): communicates your wishes regarding end-of-life care.
- General Durable Power of Attorney (POA): designates an individual to manage your financial affairs.
- Last Will and Testament: nominates individuals to execute your estate in court (probate), and directs your personal property and other assets to specific people or organizations.
- Revocable Trust: secures your assets in a trust during your lifetime, and assigns a trustee to transfer your assets upon your death. It also keeps your life private, avoiding the public and timely probate process.
- Special Needs Trust: created specifically for the benefit of those with physical and/or mental disabilities, including those with mental disabilities who are unable to manage their own finances.
Without an estate plan, you leave your loved ones with the possibility of legal, financial and/or family conflict. The security of your life’s accumulated assets, financial welfare of your family, and guardianship of your children may all be at risk without a proper estate plan.
Wills and Revocable Trusts
A will is a public legal document by which a person communicates how their property and estate should be distributed at their death. It is an effective way of protecting your assets and your loved ones. A revocable trust is a more private, flexible document that doesn’t involve probate. Writing a will or revocable trust is the best way to ensure your assets are distributed in the manner in which you would have them to be. With your wishes in mind, we will prepare documents that protect your legacy and the well being of your family. Let us help you determine whether a will or revocable trust is the best fit for you.