We understand the importance of Estate Planning and help you understand where your assets will be maintained and different options for your well-being.
Often times these can be difficult decisions for your family and you. We are here to help you feel comfortable and become more informed with Estate Planning options.
Power of Attorney
A power of attorney gives one or more persons the ability to act on your behalf. The power may be limited to a particular activity and may give temporary or permanent authority to act for you.
The power may take effect immediately or upon a future event, usually determined by your inability to act for yourself because of a mental or physical disability.
Why a Power of Attorney?
· Gives someone the power to act on your behalf.
· Allows you to choose who will act for you.
· Allows you to define the person's authority and limits.
A living will is your written expression of how you want to be treated under certain medical circumstances. If you are in a condition where you no longer can express your preference about treatment, a living will allows you to make those decisions in advance.
This document allows you to express in advance whether you want to be given life-sustaining treatment in the event you are terminally ill or injured, whether you want to be provided with food or water by tube feeding, and it gives other medical direction for your care. Be sure that whatever you sign is consistent with your beliefs and wishes.
Why a Living Will?
- Allows you to make the decision on how you want to be medically treated
- Physicians prefer these documents because it is a written expression from you
- Allows the physician to know which direction to take if there is uncertainty or disagreement among your family
Probate is the legal process that recognizes a will and appoints the executor or personal representative who will administer the estate and distribute assets to beneficiaries.
Probate performs three essential functions: (1) making property owned at death marketable again (or title-clearing); (2) paying off the decedent’s debts (or creditor protection); and (3) implementing the decedent's donative intent respecting the property that remains once the claims of creditors have been discharged (distribution).
Benefits of Probate
Guardianships & Conservatorships
A guardian is an individual appointed by the court to act on behalf of a minor. This person is judicially charged with the care and custody of the minor and the management of their property.
A conservator is a person appointed by the court to care for and manage the property of an incapacitated adult.