ESTATE PLANNING
Comprehensive Estate Plans
Estate planning is the anticipation and arrangement of one’s assets in the event of personal incapacity or death. A comprehensive planning process includes sizing up the estate, evaluating assets, drafting wills or trusts, choosing whom to transfer assets to, assigning power of attorney, settling estate taxes, and more.
Wills
A will is a legal document that outlines how an individual wants their possessions distributed upon personal incapacity or death. A will ensures that one’s property and assets are transferred according to their wishes.
General (Financial) Powers of Attorney
Power of attorney is a written authorization that gives a trusted individual the power to act on someone’s behalf in personal affairs, business, or a legal matter. Financial powers of attorney specifically authorize someone to make monetary decisions on their behalf.
Medical Powers of Attorney
Medical powers of attorney allow a trusted individual to make medical decisions on someone’s behalf if they are in a situation in which they are unable to communicate their decision.
Living Wills
A living will is a written statement describing what kind of medical care a person does or does not want in the event they are unable to communicate those decisions.
Trusts
A trust is a form of estate transfer in which one party gives a second party the power to control assets for the benefit of a third party, the beneficiaries.
Special Needs Planning
Special needs planning is a type estate planning for parents who have children with disabilities.
Long-Term Care Planning
Long-term care planning is the process of preparing to meet personal care needs, health services, and supports in the future