Wills & Estate Planning
Wills & Estate Planning
So you have spent many, many years working to provide for your family and achieve some financial security. How do you tell everyone what you want done with your house and who you want to receive your car and who you want to manage and distribute your investments?
Imagine that you are a young couple with several small children. How do you designate who will raise your children in the event that the two of you pass away at the same time? How do you want to provide for your children’s living expenses and for their education?
You are living alone; the children are grown and have children of their own. How do you make your wishes known about the healthcare measures you want them to abide by?
What do these scenarios have in common? All of these are situations that can be dealt with by means of Wills, Trusts and Estate Planning.
A Will is simply a document that says what you want to happen to your property when you die. A Will answers the question of who will get your house, your car or truck, or any other prized possessions.
If you have minor children, a Will is where you name the person you want to raise your children in the event that both parents are gone.
Durable Power of Attorney
A Durable Power of Attorney is a document where you name the person that you want to handle your finances and legal affairs should you not be able to. Your agent, the person you name, is legally required to act in your best interests. You can change your agent at any time simply by naming a new agent and the Durable Power of Attorney terminates immediately at the moment of your death.
Healthcare Directive (also known as a Living Will)
A Healthcare Directive is a document that informs your doctors about the care you want in the event you are not able to tell your doctors yourself. Do you want to be on life support a short time if you have a strong chance of recovering? Or do you want to be on life support for as long as life can be maintained even if you are suffering from a terminal illness?
There are many different kinds of Trusts and multiple uses for each type. Trusts may be an important part of your Estate Plan. Leslie will be able to advise you to determine if and which type of Trust can be used to accomplish your specific goals.
Leslie Simmons understands that thinking about the circumstances of your own death is not something that most people like to do, but Leslie also understands that preparing a Will, a Durable Power of Attorney and a Healthcare Directive is the single best thing that anyone can have in order to make their wishes known. What an act of love it is for a person to prepare these documents so that loved ones are spared the anguish of wondering what to do. Leslie will take the time to explore different options so that each and every client will have documents that clearly state how that person’s assets are to be divided and what manner of extraordinary healthcare that person wishes to receive.