Estate Planning, Wills, Probate, Powers of Attorney & Trusts
Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored, and that loved ones are provided for in their absence.
Last Will and Testament
The basic legal document that addresses planning for death is called a Last Will and Testament. A will contains a written set of instructions to your loved ones and the court as to how you want your estate to be handled after your death.
Powers of Attorney
A power of attorney is a legal document that gives someone you choose the power to act in your place. In case you ever become mentally incapacitated, you’ll need what are known as “durable” powers of attorney for medical care and finances.
Probate is the court-supervised process of inventorying all of your assets after your death, paying your final bills, and then distributing what’s left to your loved ones.
Property in the trust is controlled by the person you named to take over as successor trustee, and that person has the power to distribute the property to inheritors without any probate court involvement. That saves everyone a lot of work and gets property to the people you chose to inherit it much more quickly.