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WILLS
Who should have a will? Everyone who has one or more of the following; a spouse, children, home, pet or other valued possessions. A Will allows you to specify how your assets, pets, car and real property will be distributed. If you die without a will (intestate) the courts (probate) will decide who gets your assets.
If you have minor children you can decide who will care for them and manage their money, if say, you and your spouse die together. In addition, you can use a will to set up a trust for your minor children that dictates when and how there inheritance is distributed. If one spouse dies, a will ensures that your surviving spouse takes full ownership of your assets and it is not shared with your minor children. If you don't do this, your spouse may have to go through the court filing certain papers and checking in with them to manage your children's money.
TRUSTS
A trust document provides instructions for managing the trust property (real estate, bank accounts, stocks, patents, artwork, etc.) during your lifetime. It will also direct the distribution of your property, held in trust, upon your death. Some of the advantages of a Revocable Trust are; lower costs, less time, privacy assurance, discourages legal challenges and disability protection.
Durable Power of Attorney
Preparing a Durable Power of Attorney should start with what would happen to you should you become severely ill and cannot manage your affairs. You need someone to make sure your bills are paid, investments and real estate are managed. If you have a spouse, mother, father or adult children they cannot make these decisions without your permission.
Health Care Surrogate
A health care proxy, similar to a power of attorney grants someone the power to make medical decisions on your behalf if you cannot do so yourself.
Living Will
A written statement about the types of medical care you want or don't want if you become terminally ill and can only be kept alive by artificial means. It is important to discuss your wishes with family members. Even if they don't agree with your decisions, they will honor them.
Please contact us by telephone, or email to inquire about our services and fees.
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