Wills, Trusts, and Probate of Estates
"The work we do gives our clients a sense of peace to know that their estate planning needs are handled; that their families are protected and assets that there assets will one day pass to their loved ones in the most convenient manner."
All too often, as attorneys, we see people who have failed to adequately plan for their death or disability. The proper use of a durable Power of Attorney, Living Will Advance Directive and durable Medical Power of Attorney, a Last Will and Testament and a Living Trust can be critical.
A person may need a will and/or trust for a number of reasons:
(1) to insure that his or her property will pass to the intended beneficiaries, even if the beneficiary is a revocable living trust already established,
(2) to eliminate the possibility for an unwanted guardianship of property,
(3) to nominate a guardian for any minor children,
(4) to nominate the preferred person or bank to serve as the executor and the trustee, if needed, for a trust and
(5) to provide the executor and/or trustee with the necessary administrative powers to enable the executor and/or trustee to administer the estate and/or trust as efficiently and economically as possible.
You should understand the importance of wills and personal estate planning. After properly analyzing and reviewing one's estate needs, the proper wills and, if necessary, trusts can be created to avoid the issues stated above and, if applicable, avoid the payment of federal estate taxes. Finally, a review of your Will, investment accounts and life insurance policies, along with consideration for long-term care and overall estate tax planning are things that need to be discussed with your attorney.
All too often, as attorneys, we see people who have failed to adequately plan for their death or disability. The proper use of a durable Power of Attorney, Living Will Advance Directive and durable Medical Power of Attorney, a Last Will and Testament and a Living Trust can be critical.
A person may need a will and/or trust for a number of reasons:
(1) to insure that his or her property will pass to the intended beneficiaries, even if the beneficiary is a revocable living trust already established,
(2) to eliminate the possibility for an unwanted guardianship of property,
(3) to nominate a guardian for any minor children,
(4) to nominate the preferred person or bank to serve as the executor and the trustee, if needed, for a trust and
(5) to provide the executor and/or trustee with the necessary administrative powers to enable the executor and/or trustee to administer the estate and/or trust as efficiently and economically as possible.
You should understand the importance of wills and personal estate planning. After properly analyzing and reviewing one's estate needs, the proper wills and, if necessary, trusts can be created to avoid the issues stated above and, if applicable, avoid the payment of federal estate taxes. Finally, a review of your Will, investment accounts and life insurance policies, along with consideration for long-term care and overall estate tax planning are things that need to be discussed with your attorney.