Wills and Trusts

Wills and Pour-Over Wills

• Nominate guardians for children.
• Designate how much and to whom all property is to be distributed at death, including natural, adopted, and step-children.
• Leave property to someone who would not take under intestate succession.
• Avoid legal issues that arise from intestate estate administration, e.g., a will can waive the bond requirement for the appointed personal representative.

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Revocable Living Trusts and QTIP Trusts

• The settlor has the right to revoke while living.
• Avoid a potentially expensive and time-consuming probate process.
• Greater control over assets and distributions.
• Preserve privacy.
• Spread or sprinkle trust income or principal to beneficiaries years after the Settlor’s death.
• It can diminish the costs associated with will contests or invalid creditor claims.
• Maximize federal and state estate tax exemptions.

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Power of Attorney for Healthcare and Property

• It allows for peace of mind and protection in the event of becoming disabled.
• Determine the end of life decisions.
• Reduce family stress.
• Stipulate funeral arrangements.

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Special Needs Trusts

• Protect your child’s financial future.
• Retain government benefits.
• Ensure your child is cared for by a loved one.

Still, have questions, or wish to learn more?