Estate Planning:
Have you protected your heirs by completing your estate planning? Our firm offers a complimentary meeting with an attorney to determine which estate plan is right for your family.
Typically, a complete estate plan will include the following documents:
- Living trust.
- A revocable “living” trust will enable your heirs to avoid an expensive and time-consuming probate. The trust will provide for the distribution of your assets according to your wishes after your death. If appropriate, a living trust may also include trusts for children which allow for the control of their assets until they reach a more mature age. A special needs trust may be appropriate for a beneficiary who is receiving public benefits. A living trust may also provide for the reduction of estate taxes for a larger estate. A simple will, instead of a trust, may be appropriate for your estate if you do not own real estate and your other assets total less than $100,000.
- Pour over wills.
- These wills provide for the disposition of your assets if they are not titled in your trust at your death.
- Powers of Attorney for health care and financial affairs.
- These documents allow you to appoint agents to manage your health and financial affairs in the event you are incapacitated and unable to make decisions for yourself.
- Trust funding documents.
- If you elect to establish a living trust, deeds will be prepared to transfer your real property assets to your trust. Other documents and instructions will be prepared to transfer your other assets into the trust.
Other documents may be used for larger estates or in business succession planning.
