Estate Planning Services:

  • Wills
  • Revocable Living Trusts
  • Durable Powers of Attorney
  • Patient Advocate Designations (Medical Powers of Attorney/Living Wills)
  • Irrevocable Life Insurance Trusts
  • Prenuptial Agreements
  • Trust Funding
  • Estate Tax Return (Form 706) preparation
  • Guardian and Conservatorship proceedings
  • Trust Administration
  • Probate Administration

Estate Planning Is Designed to Protects Your Assets:

Will

A will is a formal expression of a person’s intent set forth in a manner required by law.  In your will, you name a personal representative to administer your estate when you die, indicate how you want your assets to pass, including any specific gifts you wish to make, and can also name a guardian if you have minor children. Other times, a pour over will is used when a trust is established, to help pour unfunded assets to the trust.

 

Revocable Living Trust

If you want to avoid probate, a living trust is a good option. A revocable living trust is a written agreement between the grantor of the trust and the person who is going to manage the trust (the “trustee”). Often, the grantor of the trust, is named as the initial trustee. If you become incapacitated or are unable to manage your own financial affairs, a successor trustee, who you name in the trust document, can step in and manage your assets on your behalf. This helps avoid a conservatorship or guardianship procedure.   The advantages of a living trust include probate avoidance, maintaining privacy of your distributions because the trust does not need to be filed or recorded, and flexibility to change or revoke the trust.

 

Power of Attorney

A power of attorney is a legal document that is valid during your lifetime, and allows you to name someone to act on your behalf to make your legal and financial decisions.  This document is especially useful if you become incapacitated or incompetent.

 

Patient Advocate Designation

The Patient Advocate Designation is effective when you are unable to communicate a decision about your own healthcare.  You designate a Patient Advocate Designation to make decisions on your behalf.  You may also direct the type of care that you want and do not want,, and who you would like to administer such care.  Your wishes about organ donation or burial or cremation are mentioned in this Patient Advocate Designation.