A will is often drafted a long with a trust, and allows you to ensure that your money and property are distributed according to what you intend. By creating a proper will and trust, you can help your loved ones avoid the burdens of having to prove your distribution intentions under probate after your passing.
Also known as a living trust, a trust is a legal document that allows you to transfer or gift others your money or property after your death, without court supervision. A trust allows you to hold your money, investments and property to avoid complications for your family after your death. There are many advantages of drafting a trust, as you can often avoid the costly and complicated process of probate. Under my guidance, you can have confidence that I will ensure your trust is created and administered properly.
Power of Attorney
On the occasion that you are unable to manage your own estate and financial affairs, due to being mentally or physically disabled, a power of attorney gives your attorney the authority to handle your finances and property on your behalf. Having a power of attorney has several advantages, like defining who will be responsible for your finances and property should you be unable to do so yourself. By properly planning for a power of attorney, you are taking responsibility while you can for your own finances and estate, and avoiding unnecessary and burdensome complications.
If you become seriously ill, a healthcare directive gives your attorney the authority to tell doctors what type of healthcare treatment you want to receive, when you are unable to communicate this own your own. A healthcare directive ensures that you always retain the ability to choose the type of healthcare treatment you are receiving, and preserves your dignity even if you are unable to speak or communicate your desires.
Planning and creating proper burial instructions before your passing ensures that you receive the right burial according to your wishes. Not many people think this through thoroughly, but it is critical to create proper burial instructions to avoid disputes among your family and loved ones regarding your funeral and burial, and also to ensure that you are buried as you intend.
Appointing a guardian for a child is one of the most important steps in estate planning. It is also one of the most personal decisions. There are many critical points to consider while conducting a guardianship appointment. Some of these include the age of the child, the willingness and ability of the appointed guardian to care for and provide for the child, the guardian’s family etc. These decisions will ensure that your child receives the best care should you pass on.