Wills, Trusts and Powers of Attorney
When considering an estate plan, many individuals first think of drafting a will. In truth, an estate plan can include a will, several forms of trusts and different powers of attorney. These documents can typically be as general or specific as your situation demands. A knowledgeable estate planning attorney can provide thorough advice regarding the types of documents that could be beneficial.
A will lets you have your say about who gets your assets, from cars to family heirlooms, and who cares for your minor kids if you’re not here. A will does not let you leave instructions about assets you own in joint tenancy (like your home that you own with your spouse), have a beneficiary (like life insurance) or are held in a trust. We can sort those things out as part of your greater estate plan. Creating a will and, many times, placing assets into trusts help make sure your estate is divvied up the right way – your way.
Typically, powers of attorney can focus on either health care or finances. Giving someone power of attorney over your health care means that you are giving them authority to make health care decisions should you become incapacitated. Likewise, power of attorney over property allows an individual to make decisions regarding bills or real estate transactions
We see your assets not just as property and money earned, but as extensions of you. We’ll help you customize your own will or trust so that you’ll feel confident that the things you can’t take with you are left in good hands.