Wills & Trusts

Without an estate plan, someone else makes the decisions for you and your child

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Why do I need an Estate Plan? 

You may not realize it, but everyone has an estate. An effective estate plan will take into consideration your current assets as well as the anticipated increase in value of your existing estate. In anticipation of your family’s needs, you should take steps to preserve your estate and protect it from excessive costs and taxes. An estate plan permits you to determine who will administer your estate, who will be the guardians of minor children, and who will receive your property if you pass away or are declared legally incapacitated. We customize your estate plan to your specific needs and wants. We understand that no two estate plans are the same and that everyone’s needs are different. This is why we ensure our clients’ needs are heard by taking the time to determine the best options for your estate plan. 

What does an Estate Plan include?

We understand that an estate plan can seem like an unhappy task, but think of it instead as a thoughtful implementation of Wills, Trusts, Power of Attorney, and other important planning techniques to plan for your family's long-term well-being and financial security, so your loved ones are protected at all times.

What is a will?

A will is your legal declaration, specifying your intended disposition of your property upon your passing. Your will also nominates the person you wish to act as the executor for your estate, so he/she can implement your wishes of your property. Creating a will is the first and most basic step you must take to ensure your estate is managed in accordance with your wishes.

What is a Trust?

Trusts permit the owner of property to provide for the management and disposition of property upon their passing. A Trust may be revocable, sometimes known as a “Living Trust,” or irrevocable. Both include a number of elements that define the assets held within, designate your beneficiaries, and designate a trustee to manage the trust assets and income for the economic benefit of your beneficiaries.

What is a Durable Power of Attorney?

A Durable Power of Attorney for Property (DPOA) enables you to designate someone to make financial and legal decisions on your behalf should you become unable to do so yourself, such as due to incapacity from a health issue or mental incompetency.

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