Estate Planning Attorney To Help Plan For Tomorrow
Robert S. Thomas, Attorney at Law, recognizes that estate planning is more than just protecting your assets. Estate planning is ensuring that your family’s future and those you love are protected for years to come in the event of your death, as well as planning for a time when you may need assistance to make decisions. Through our trusted and compassionate service, we can help you make those important decisions by giving you practical recommendations to accomplish your goals. Whether you want to set up an estate, write a new will, make a guardianship designation or have other concerns, we will examine which estate-planning documents fit your needs to help you with probate or a better alternative, safeguard your beneficiaries and protect your hard-earned assets. We can also help you with your elder law concerns, such as guardianships and powers of attorney.
What To Know About Wills
A will is a legal document by which a person leaves all of his/her real property (i.e. buildings) and personal property (i.e. all other property) to specifically named people, known as beneficiaries. A will takes effect at death. The will does not have to list each item of property. It is simply the property that is owned at death. A will can be revoked or modified at any time prior to death. If the value of the property at death is $100,000 or more, then the estate goes through probate.
A Trust You Can Trust In
A trust is a legal document that similarly to a will, leaves all of the real and personal property of the person creating the trust to specific beneficiaries. A property can be moved from the person’s estate to a trust by changing the title from the individual (or married names) to property. Like a will, a trust may be revoked or modified at any time during the person’s life. Revocable Living Trusts are a popular means of avoiding probate matters and controlling your assets into the future.
Someone You Can Trust To Uphold Your Wishes
A power of attorney is a legal document that allows an individual to empower another with decisions regarding his or her finances or health care and medical treatment, should that person become unable to do so. Powers of attorney typically fall under two categories:
- Health care powers of attorney become active when a person is unable to make decisions or consciously communicate intentions regarding treatments.
- Property powers of attorney allow for an agent to control a principal’s property and financial interests.
The person you choose to nominate for your power of attorney is someone you need to be able to trust. We can help you weigh your options when you are choosing whom to appoint.
Plan For Tomorrow In Confidence
We want you to know how important it is to take care of your estate planning. Now is always the best time to begin planning your estate for tomorrow. There is no telling what the future holds, so let us help you be at ease with what could come. Contact our West Arlington office by email or by calling us at 847-868-3428 to schedule your initial consultation today.