Wills, Trusts and Estates
Who should start planning?
If you have kids, are married, or have assets, it's recommended you have establish an estate plan. This will ensure everything will be managed in the most appropriate way in the event of your passing or incapacity.
These can be simple documents on what should happen with your belongings in the event of a passing. There are both Living Wills and the Final Will and Testament. You should update your will as often as the contents of it hold un-true or non-applicable to your current assets.
A Trust is a separate legal entity that can withhold and distribute assets according to certain conditions. Trusts exist independently of the Grantor and are enacted while still in life. It allows for safe keeping of your assets and can help reduce paper work or complications of administering an estate. Living Revocable Trusts can allow your next of kin to avoid probate when used in conjunction with your will and other estate planning documents
Estate planning refers to how your assets will be distributed after your passing. Estate planning includes the use of Wills, Trusts, Transfer on Death Deeds, beneficiaries, and other documents. In estate planning we recommend establishing a Power of Attorney for financial purposes and medical purposes in the event you become incapacitatd. We also recommend having a living will so that your doctors and those who are to make decisions regarding your care, have your wishes established.