Protect your family, preserve your legacy, and plan for the future with personalized estate planning guidance.
Every estate plan is unique. The information below provides a general overview of common estate planning documents and services. It is intended for informational purposes only and should not be considered legal advice.
A Will directs how your solely owned assets are distributed after death and allows you to name an Executor, who is responsible for gathering and distributing assets and administering your estate. It can also provide for a designation of a guardian for minor children. If you have a Living Trust, your Will can direct that remaining assets be transferred into the Trust under its terms. A Will is an important document for most individuals, helping ensure the orderly transfer of assets at death, and it can also address special circumstances, such as providing for an ill spouse or a child who is not yet ready to manage an inheritance outright. A Will can also offer added protection for beneficiaries with special needs. Peter can tailor your Will to ensure that your wishes are effectuated in accordance with your desires and the law.
A Living Trust is a legal document that sets out instructions for how your assets should be handled during your life and after your death. A properly funded Living Trust can reduce the probate process and simplify Estate Administration for your heirs. It can provide for immediate transfer of assets while awaiting the probate process. Because you serve as Trustee, you retain full control over the trust assets, including the ability to buy, sell, amend, or revoke the Trust at any time. Only the titling of your assets changes; your control over them does not. It can also be beneficial in providing a Successor Trustee who can manage your affairs in the manner you direct in the event of your incapacity. Peter can certainly discuss and help you decide if a Trust is a proper vehicle for your family and you.
A Power of Attorney authorizes another person to act on your behalf in legal or financial matters. This “Attorney in Fact” stands in your shoes with full authority to act completely on your behalf. A Durable Power of Attorney remains effective even if you become incapacitated, allowing a trusted family member or individual to manage your important affairs on your behalf. It is an essential tool for any estate plan.
An Advanced Healthcare Directive allows you to appoint an agent to make medical decisions on your behalf in the event of your incapacity. Healthcare providers request one before providing ongoing medical care, if you are unable to make decisions for yourself. In such event, having this document in place helps ensure your wishes are honored. An Advanced Healthcare Directive also provides for the appointment of a conservator of your person. No one likes to think about the eventuality of becoming incapacitated, but with an Advanced Healthcare Directive in place, you can have peace of mind in the event of such a contingency.
Disclaimer: The information above is intended for general informational purposes only and does not constitute legal advice. It addresses common estate planning, probate, and elder law concepts in general terms and is not tailored to any individual's specific circumstances. Reading this information does not create an attorney -client relationship between you and the Law Offices of Peter X. Dodge, P.C. For advice regarding your particular situation, please contact our office to schedule a consultation.
Disclaimer: The information provided on this website is for general informational purposes only and does not constitute legal advice. Viewing this website or contacting Peter X. Dodge Law does not create an attorney-client relationship.
