Are you thinking of Estate Planning? Not sure how to get started?
Traditional planning may mean creating documents such as:
1. Last Will and Testament
Upon your death, your Will functions as an expression of your wishes at death. However, it will require the filing of a petition with the Court, which will incur costs, fees, delay and the possibility of challenges by your heirs.
2. Durable Power of Attorney
This gives the people to whom it is given to the power to act on your behalf as to both health and financial matters.
* The Durable Power of Attorney is potentially very powerful. It should only be given to close family members or other people you trust.
3. Personal Care Instructions
Our firm can also provide your caretakers guidelines on how you would like to be cared for. These guidelines may include preference regarding visiting family, food, drink, and entertainment.
4. Revocable Trusts
A Trust provides not only probate avoidance, but also a family rule book of instructions to ensure your wishes are followed.
Other advantages include that it provides continuity in the handling of your affairs.
- Easily moves with you from state to state.
- Can easily be modified.
- Difficult to attack.