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Estate Planning and Probate

Almost everyone, no matter how modest the estate, should have a Will. Your Will guides the Court concerning who you trust and want to serve as your representative and who will inherit your possessions. Your Will can also be used to nominate a Guardian for your minor children.  Your will should also state any qualifications that should be placed on an inheritance.  For example, you may want to provide that no person who is receiving Medicaid may inherit as their inheritance may reduce or eliminate (at least temporarily) the Medicaid benefit available to your beneficiary.

Trusts

For those of you who are more careful, and those who require more than just the minimum in estate planning, I recommend you start with a revocable trust. A revocable trust is very much like your own personal corporation. As you already know, when the president of a corporation dies the corporation need not cease doing business. The new president steps in, and operates the business following the rules that exist for the corporation. Likewise, when the creator of a revocable trust passes away, the successor trustee steps in operates the trust by the rules created by the one who created that trust. Since your assets belong to your trust, your estate avoids probate, saves money, and can be distributed more quickly to your beneficiaries.  The Trust is also likely to keep your finances (and your beneficiaries’ inheritance) safely out of the public court records.  This privacy can save your family a great deal of frustration and wasted time.

Your trust should be combined with a pour-over will just in case something

Guardianship

I am also available to represent you in Guardianships, whether you are the Guardian or the prospective Ward. From the most simple uncontested case to the trial of a bitter dispute, our office stands ready to help you and your family through the difficulties that you are facing.

 

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