The following are the minimum Estate Planning Services that should be included in a solid estate plan, when working with Estate Law Firm:
Will Or Trust
A will or a trust is the main component that should be included when creating an estate plan. Even if you believe that you have very few assets, this should be a priority for anyone. An experienced estate planning attorney can guide you through this process, in addition to helping with more complex documents. An experienced Wills and Estate Planning attorney can help you create a document, ensuring that your wishes will be followed.
Power Of Attorney
It is always a good idea to assign someone to act on your behalf in situations in which you might not be able to do so yourself. Without a power of attorney in place, the court might then make decisions regarding your assets. A Trust Estate Lawyer can also help you curate a power of attorney.
Letter Of Intent
A letter of intent is a legal document that is left to the executor of your estate. These letters will give the executor direction of how to best distribute your assets exactly how you wanted them to be. The letter could include special requests or funeral wishes.
Healthcare Power Of Attorney
A healthcare power of attorney is another valuable document for all. In this document, the client will designate a person who they trust to make healthcare decisions in the client’s stead, if the client was unable to soundly make decisions. The person chosen should be someone the client trusts and has similar views, so that the decisions are similar to what the client would want.
We will assist the client in designating a beneficiary or beneficiaries. Beneficiaries are the persons to whom the client will leave particular assets. If there are no beneficiaries documented, then the court will decide where your assets are assigned.
For those people who plan to have children or already have minor children, guardianship should be carefully considered. Who will take care of your children if you no longer can for any reason? You should choose someone who shares your values, are willing to parent your children, and have the financial ability to do so. It might be a good idea to have a backup designee also.
If a person does not have any of the above documents in legally in place, their assets might land in hands that the person does not trust or want to have legal control to distribute assets. Those decisions would be made by probate court. The Law Office of Stacey Keenan is a trusted Probate Law Firm that can also guide your loved ones who might need a Probate Lawyer in these cases.
Contact the Law Office of Stacey Keenan, where the best Estate Settlement Attorney in Maplewood, MN can help you create an estate plan to secure your loved ones’ futures. If you have any questions or if you are ready to begin the process of estate planning, it is never too early! Call us today for a consultation. Our phone number is (651) 337-8804.