Having an estate plan is very important because it tells your loved ones how you want to divide your assets/property after death.
Even before death, such documents as financial powers of attorney and health care powers of attorney are important because if you become incapacitated for some time, these documents will tell the financial institution and the health care provider who will be making the financial and health care decisions.
If you leave your estate with no Will, all your assets will have to pass through probate. However, with a Will, there are certain circumstances in which you can avoid probate. Probate is a very expensive and lengthy process and all documents are made public record. In order to avoid this step (probate), a trust is needed.
Please give our office a call for additional information and to assist you with an estate plan that is best suited for your needs.
Gregory Law Offices, Ltd. provides the following estate planning documents:
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