Estate Planning

Estate planning is the process of conferring with professional advisors who are familiar with your goals, concerns and assets to organize your estate. Estate planning covers the transfer of property at death as well as other matters including health care directives, beneficiaries, care of minor children and others. 

Who needs an estate plan?
An estate plan, including a will, is necessary for anyone who owns property of value. Powers of attorney for both economics and medical care allow you to designate a person to act on your behalf in case you become unable to.

If your holdings, whether real estate or cash, stocks, bonds and other investments, total $100,000 or more, you should have a pourover will (a short document covering any items that may not have been included in a living trust), a living trust and durable powers of attorney for health care and economics. 

How an attorney can help
Consultation with an attorney experienced in estate planning is essential to crafting an estate plan that is sensitive to both your needs and those of your loved ones. A lawyer will know which type of will or trust is right for you and will prepare the documents to protect you, your family and your assets.