What estate planning documents do I need?

We often get asked what documents make up an estate plan. The answer usually depends on your unique family situation, your assets, and your goals.

The Estate Planning Documents You Need:

• Most homeowners and families can benefit from a Revocable Living Trust. Property held in trust will avoid the probate process. Distributions can be tailored to suit your family’s needs. As the creator or Settlor of the Trust, you can also plan and provide for yourself in the case of long-term care and disability. A Trust can also be drafted to keep property in the family.

• A Last Will and Testament, commonly referred to as a Will, directs for the distribution of your assets upon death and can be tailored to “pour-over” your remaining assets into yourTrust. The Will also informs the court of your choices for guardianship of your minor children.

• A Durable Power of Attorney authorizes a loved one or trusted agent to act on your behalf and manage your financial and other affairs in case of medical emergency or incapacity.

• An Advance Health Care Directive authorizes a loved or trusted agent to make end of life and medical decisions for you in the event of incapacitation.

• A General Assignment to Trust directs your property into your Trust. We will help you properly fund your trust once it is created.

• A Certification of Trust is often required by banks and other financial institutions when moving or refinancing property held in trust. Again, we are here to help.

Let us custom tailor an estate plan that gives you full control of your assets while providing for your children and unique family circumstances. It remains unclear what the Biden administration is going to do with the estate and capital gains taxes, but politicians are signaling big changes that will affect us all.

Call or email for a free consultation!