Wills and Trusts
Wills and trusts allow you to plan for how your assets will be distributed upon your death. Without a will, your estate will pass according to the law, specifically the laws of intestacy. A will is especially important if you want your assets to pass to someone different that the laws of intestacy would dictate, such as to a good friend instead of a relative. Wills are also important for limiting the costs of probate. Wills and trusts are especially significant for families with minor children because they allow parents to appoint a guardian for their children, to appoint someone to manage money on behalf of their children, and to control the age at which children will be entitled to the parents’ assets.
Planning for Incapacity
If something unexpected happens to you that affects your ability to make decisions about your finances and/or your medical care, it is important to have systems already in place to make sure these areas of your life are managed the way that you want them to be. Planning for incapacity can involve a variety of legal documents to ensure your wishes are known and followed. You may wish to execute a power of attorney to allow a loved one to handle your financial affairs or an advanced directive to appoint a medical decision maker. We are here to help ensure you have what you need in the event of your incapacity.