Estate planning is one of the most essential legal matters everyone should consider. Whether you’re single, married, have children, or simply want to avoid burdening your family or business partners with lengthy legal processes after your passing, a customized estate plan can provide peace of mind. The key estate planning documents include:

Probate

When a loved one passes with a Will, the next step is filing it with the Court, nominating an executor to manage the estate. This includes distributing assets, filing inheritance tax returns, and ensuring all legal requirements are met within nine months of the date of death. If these steps are not properly completed, the executor may face personal liability. An attorney can manage the complex probate process, ensuring everything is done correctly. If there is no Will, an administrator must be appointed by the Court, and the estate will be distributed according to intestacy laws. Both executors and administrators are entitled to fees for their work. Properly structured trusts can help you avoid probate entirely.

Last Will and Testament

Your Will outlines your wishes after you pass, answering the important question of "who gets what." It designates who will manage the distribution of your assets, preventing potential family disputes. It also specifies any gifts you want to leave to loved ones, friends, or charities, and allows you to place any conditions on those gifts.

Power of Attorney

A Power of Attorney authorizes someone to act on your behalf if you're unable to do so. This could be a springing power of attorney, activated under specific circumstances, or a general durable power of attorney, which takes effect immediately. Whether you're traveling, undergoing medical treatment, or incapacitated, this document allows your agent to handle financial and legal matters for you.

Living Will/Medical Directive

This document designates someone to make medical decisions on your behalf if you're unable to communicate. It's especially important for those undergoing medical procedures or with a family history of dementia or Alzheimer's, ensuring that your healthcare wishes are honored.

Trust

A trust is a powerful tool for protecting your assets from creditors and reducing estate taxes across multiple generations. A well-crafted trust ensures that your wealth is safeguarded and passed down according to your wishes, providing for your beneficiaries for years to come.

Planning ahead with us ensures that your loved ones are taken care of and that your wishes are respected, all while minimizing legal complications.