Wills and Trusts

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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.

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.

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.

Special Needs Trusts

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

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