Here are some options to consider for your family. This is a sampling and not an exhaustive list, as each person should consult with an estate planning attorney to assess the best options to meet his or her specific needs:
TESTAMENTARY WILL: with provisions for:
Specific instructions on the distribution of your estate. If you have minor children, you can designate who you prefer for guardianship of your minor children, and who would manage (as trustee) their property.
Distribution of your Tangible Personal Property: Distributing specific items of tangible personal property to specific persons.
Personal Representative (and a backup): Designating the people responsible for settling your estate.
LIVING (REVOCABLE) FAMILY TRUST: A Trust is a useful tool in managing your property while you are alive and after your death, thus avoiding the probate process, if all assets are properly titled in the name of the trust.
DESIGNATION OF HEALTH CARE SURROGATE: Appointing someone to make medical decisions for you, if you cannot act on your own behalf.
DURABLE POWER OF ATTORNEY: Appointing someone to manage your affairs (financial, property, etc.) when you are not able to act on your own behalf.
LIVING WILL: States that you do not want artificial prolonging of life, if in a terminal or end-stage condition.
HIPAA RELEASE: Appointing someone who will receive your health care information for the doctors, insurance purposes, etc.
PRE-NEED GUARDIANSHIP DESIGNATION: Adults can designate who they prefer to be their legal guardian, if the need should ever arise. This can be filed with the Guardianship Court in your County of residence (no filing fee).
We’re qualified and pleased to guide you through the process.