Legal issues can become complicated and personal very quickly, so acquiring expert counsel is crucial. Below are some basic questions and answers to help you get started with understanding what services you need.
What is an Estate?
An estate includes your money, life insurance, home, personal property, business, family, values, and even your legacy.
What is Estate Planning and Who Needs It?
Estate planning allows control of your property while alive, planning for you and your loved ones in you become disabled, and the ability to give what you have when you want to who you want and how you want. Estate planning is not just for “wealthy” people. Quality estate planning is important for everyone.
How do I name a guardian for my children?
Estate Planning makes it possible to properly provide for your minor children by creating legal documents including a Medical Power of Attorney and a Nomination of Guardianship for your child’s person and estate.
Do I Need a Trust if I have a Will?
A Trust is separate from a will and provides additional benefits that a will cannot offer. Trusts are designed and created to meet your specific needs and requests. They provide discipline for your beneficiary by requiring specific guidelines to be met. This is especially important for the long-term care of minor children who are beneficiaries. Trusts can also provide a structure for the management and distribution of your assets. For example, if you have property that is difficult to divide, your trust can ensure control over this property and provide specific instructions for your beneficiaries. Trusts protect your loved ones from probate which includes delays in distribution, public disclosure of your assets and beneficiaries, court appointment of guardians and conservators and additional costs. By creating a revocable living trust, you are creating the ability to avoid probate. Your trust ensures that your assets go to your beneficiaries and fees are avoided. Your trust also protects your estate privacy.