Do you have children? Do you own a home? Do you want to appoint a guardian for your children in case of an accident? Do you have a 401k? DO you have any travel anticipate in the future? Do you want to avoid probate and handle your affairs privately?
If you answered yes to any of these questions, you need an estate plan. The drafting of appropriate Estate Planning documents is a critical step in preserving and growing what you have worked so hard to build for your family. Having a basic estate plan can help manage your desires after death or incapacity and avoid the time-consuming and expensive probate.
For $900, I will prepare a basic estate plan with wills, a trust, powers of attorney, health care powers of attorney, and a living will.
Call me to discuss any further questions or to get started today. 801-802-2222
Here is some basic information on the various documents in a basic estate plan.
- Will: A will directs your affairs after your death. It can direct the distribution of your property, it can provide for guardianship of your children, it can provide directions for the payment of expenses and about your funeral and burial.
- Trust: A Trust creates an entity to hold your property. It can help reduce and avoid death taxes. It can help protect your assets from creditors. It can provide for your support while living and distributions and support for family members or others after your death.
- Power of Attorney: A Durable POA is a legal document that appoints and authorizes someone to act on your behalf for legal and financial purposes if you become incapacitated.
- Health Care Power of Attorney: Like the financial power of attorney, a health care power of attorney is a legal document that gives consent and direction to medical providers on who may access your medical information and help with decisions if you become incapacitated.
- Living Will: This is a legal document that gives medical providers notice of what you desire to have happen in the event of an accident or other medical condition that renders you to be in a permanent vegetative state—and giving your loved ones direction for your desires regarding end-of-life support and decisions.