One of the most important things we can all do for our loved ones is give them the protection and security of responsible estate planning. We all know that when someone close to us passes away, or is in a position where they require assistance with managing their affairs, it is difficult under the best of circumstances, but when a lack of planning leads to uncertainty, and sometimes even bitter disagreements between family, it can become unbearable. The good news is this can be avoided!
At the Trent Law Practice, we offer free consultations for estate planning in part because what really matters is we hear what it is you want to do with your estate, and then we figure out the best way to get it done. The tools we regularly use to accomplish this are:
- Wills: This is the instrument people are often most familiar with. We use it to decide what happens with your property after your pass on, who will be in charge in making sure your wishes are carried out, and to make things go smoother for the loved ones you leave behind during what will certainly be a difficult time.
- Trusts (usually, but not always, as part of a Will): Drafting a Trust is a way to not only ensure your property goes to the beneficiaries you desire, but to see that it is used in a way that ensures its to their benefit. While there are any number of reasons one might desire to create a Trust, they are often used to provide for children or grandchildren until they reach a certain age, for defendants or people you care about with special needs, or to ensure specific property is kept for the benefit of a family instead of being sold.
- Powers of Attorney: This is where you declare who will be in charge of your affairs if for any reason you are unable to. These situations can range from short term situations where you may be out of the country and something needs to be handled all the way to long term incapacitated situations. We regularly advise clients that under their circumstances, the most important thing they can do in estate planning is draft a Power of Attorney, because almost everyone will eventually need someone to step in to help them, and you often don't know when that will be until after it happens.
- Advanced Medical Directives (Also know as Living Wills): Like Powers of Attorney, part of this instrument involves deciding who will make decisions for you when you can't, just here in the medical context. In addition, we can use the Advanced Medical Directive to declare what your wishes are for end of life care, so that responsibility isn't passed along to your loved ones.
We're ready to work with you to figure out what is best for you and your family, so please give us a call at 434-471-4339 to set up a free consultation.