Estate Planning

Legal Documents You Need Now

People don’t want to think that an accident or illness would prevent them from saying what they want — or don’t want — when it comes to their future medical care. We tell ourselves: I have plenty of time to take care of those things later … if I get sick … when I’m older.…

What You Should Know About Wills

APPOINTING AN EXECUTOR You should appoint an executor in your will. An executor locates heirs, lists property, pays debts, and distributes property to your heirs. A relative or friend can serve as your executor, but you should consider using a professional executor (such as a bank or trust company) if you have a large or…

What You Should Know About Guardianship, Living Wills and Powers of Attorney

Adults who become incapable of caring for themselves, their property or their dependents may have a guardian appointed for them. However, guardianship can be avoided through the use of living wills and powers of attorney. In such circumstances, personal preferences can be respected without the need for court-appointed guardians. Living wills/healthcare proxies (“living wills”) and…

What You Should Know About Estate Planning With a Living Trust

In recent years, living trusts have grown increasingly popular as substitutes for wills in estate planning. They are sometimes called revocable trusts or inter-vivos trusts. Living trusts can have several advantages over wills, including avoiding probate, avoiding guardianship, maintaining liquidity, and keeping privacy. You can create a living trust with a simple trust document and…