No matter your net worth, it is crucial that you have a basic estate plan in place. The estate plane makes sure that your family and financial goals are met after you pass away. Most estate plans should include a will, a durable power of attorney and a health care proxy. The will tells you exactly where you want your will distributed. It is also the best place to nominate guardians for your minor child. A simple estate plan can be inexpensive to set up ( starting at -$275) which can end up saving money and confusion.
Trusts are not just for the wealth. Trusts can put more conditions and control over your assets for your family. There are simple revocable and irrevocable trusts that may have significant long term benefits.
Health care proxy is a simple legal document that allows you to choose someone to make medical decisions for you if you are unable to make decisions for yourself. Your health care proxy will only take effect if you physician declares in writing that you are unable to make your own decisions.
Durable Power of attorney is a legal document that you provide another person the right to handle financial and legal matters for you. The person you choose should be someone you trust with your money and other possessions.
It can be complicated to probate an estate after a loved one passes away. Having an attorney to navigate the process can be crucial.
Attorney Nesson can draft documents quickly and follow the individuals particularized instructions. He is in probate court regularly.