Estate Planning: What You Need To Know About Wills and TrustsWritten on February 10, 2015
It’s never too early to begin planning for the future. None of us know when a sickness or tragic accident could happen, which is why it’s important for you and your family to plan for the unexpected. The Silverbach Group is a firm that specializes in family law. We can help put your estate in order which will ease the burden on your loved ones should something unforeseen happen.
There are several details you should pay attention to. Our attorneys are here to talk with you and handle the details that will benefit you and your family.
The first step is drafting a clear and concise will. Every person’s situation is different, so no two wills are going to be the same. You should consider how your assets will be divided, who will care for minor children, and who should be named the executor of your estate. We can also assist you with setting up a living trust, which will establish distribution of assets and property. This type of trust will help avoid a lengthy probate process. It’s important to remember that a living trust does not replace a will. Both types of documents are a necessity.
A power of attorney document is also an important part of estate planning. This will allow you to appoint a person or organization to manage your financial affairs if you become unable to do so. It may be your spouse, adult child, or even a trusted friend. It goes without saying that you should choose someone you trust to make decisions on your behalf and be privy to sensitive information.
End of life planning can be a difficult subject for families to broach. It’s not something that is very pleasant to think about. Chances are, however, we all know someone who has gotten sick or injured in an unexpected manner. Advance healthcare directives combine a living will and a healthcare power of attorney to ensure your wishes for health care are followed. Those wishes may include life-prolonging operations, treatment, and anatomical donations, and may not necessarily be followed without guidance from you through your advance directive.
We are a law firm with many areas of expertise. Estate planning, wills, living wills, and trusts are an area of law we are well versed in. If you have questions about planning for the future, or even have an existing will that needs to be modified, call us today. We have the necessary legal expertise to make sure your wishes are followed and your family is taken care of. You can reach us at 770-635-0334.