Estate Planning

You probably have been meaning to do this for a while, right? Clients often tell us that getting their will done is something that has been on their minds for quite some time. If this is you, do not worry, you are right on schedule.

Estate planning is simply the process of figuring out what you want to become of your property after you pass away, then preparing for how to make it happen. Estate planning also includes preparing for how your property and your health care will be managed if you are ever in a condition where you cannot make decisions yourself.

So what do you need done?

Most people, at the very least, should have standard estate planning documents in place. These documents include:

  • a last will and testament;
  • a durable power of attorney for financial matters;
  • a durable power of attorney for health care; and
  • a health care directive.

Depending on your circumstances, it might also make sense to create a trust. Some of the reasons to create a trust are:

  • to minimize estate tax liability;
  • to ensure that a loved one with special needs is provided for;
  • to manage wealth for a young beneficiary who will inherit a sizeable sum of money; or
  • to provide for the care of animals after one’s death.

How do you go about this?

The estate planning process typically involves two meetings. First, you meet with us to discuss your estate planning goals, your assets, and how the law applies to you. Based on this information, we draft your documents and then send them to you for your review. You review your documents and tell us if you want any changes or additions. Then, we revise the documents. Finally, once you are happy with the documents, we schedule a meeting for you to sign.

Then you are finished. And like many of our previous clients, you too may experience a sense of relief after getting this done.