Contact Attorney Glennon today for a free estate planning consultation.
Estate Planning:
A typical estate planning package includes a will/trust, a letter of instruction, a durable power of attorney, an advanced medical directive (living will), a health care proxy, and a parental appointment of guardian (if applicable). Below is some more information regarding the services offered by Attorney Glennon and the importance of proper planning.
Will and/or Trust
A legal will and/or trust provides for the orderly and desired transfer of personal assets to an individual's loved ones with as little cost, stress, and court involvement as possible. Such documents also allow an individual to appoint a trusted representative to oversee his or her estate, and ensure that stated wishes are followed to the extent allowed by law. When someone dies without a legal will or trust in place, that person's intentions regarding the distribution of his or her assets are unknown, and assets will be distributed in accordance with relevant law and decisions made by court-appointed administrators via often costly and time-consuming probate proceedings that may well have been avoided with proper planning. Everyone should have a will and/or trust, regardless of the size and value of his or her estate.
Letter of Instruction
While not a legally binding document, a letter of instruction often accompanies a will and allows an individual to provide direction regarding: the location of important documents, burial wishes, and the distribution of personal items not specifically included in the will. An individual can also use a letter of instruction as an opportunity to express his or her personal thoughts regarding matters covered in the estate planning package.
Durable Power of Attorney
A durable power of attorney is a legally binding document that allows an individual to appoint a trusted person to manage his or her financial and personal affairs in the event of physical or mental incapacitation. Unlike a will, a durable power of attorney provides for protection of you and your assets while you are still living.
Advanced Medical Directive (often referred to as a Living Will)
An advanced medical directive, also known as a living will, allows an individual to outline his or her wishes with respect to medical treatment desired and the use of artificial means of life support in the event that he or she is physically or mentally unable to express those wishes.
Health Care Proxy
A health care proxy allows an individual to authorize another to make medical decisions on his or her behalf in the event that he or she is physically or mentally unable to do so. Your designated health care proxy can use your advanced medical directive as guidance and support in the decision-making process.
Parental Appointment of Guardian
If you are the parent or legal guardian of a minor, it is imperative that you appoint a guardian to care for said minor(s) in the event of your death or incapacitation.
Estate Administration:
Administering a loved one's estate can be stressful and complicated during an already emotional and difficult time. The legal steps required to administer an estate can be either minimal or extensive depending on the nature and value of the estate, and the existence and contents of a decedent's estate plan.
Estate administration can involve the preparation and filing of time-sensitive forms, as well as decision-making that involves not only probate law, but also property, tax, and other relevant areas of law.
Attorney Glennon can help you navigate through the process with as little added stress and difficulty as possible.
Contact Attorney Glennon today for a free, no obligation assessment.
Estate Planning:
A typical estate planning package includes a will/trust, a letter of instruction, a durable power of attorney, an advanced medical directive (living will), a health care proxy, and a parental appointment of guardian (if applicable). Below is some more information regarding the services offered by Attorney Glennon and the importance of proper planning.
Will and/or Trust
A legal will and/or trust provides for the orderly and desired transfer of personal assets to an individual's loved ones with as little cost, stress, and court involvement as possible. Such documents also allow an individual to appoint a trusted representative to oversee his or her estate, and ensure that stated wishes are followed to the extent allowed by law. When someone dies without a legal will or trust in place, that person's intentions regarding the distribution of his or her assets are unknown, and assets will be distributed in accordance with relevant law and decisions made by court-appointed administrators via often costly and time-consuming probate proceedings that may well have been avoided with proper planning. Everyone should have a will and/or trust, regardless of the size and value of his or her estate.
Letter of Instruction
While not a legally binding document, a letter of instruction often accompanies a will and allows an individual to provide direction regarding: the location of important documents, burial wishes, and the distribution of personal items not specifically included in the will. An individual can also use a letter of instruction as an opportunity to express his or her personal thoughts regarding matters covered in the estate planning package.
Durable Power of Attorney
A durable power of attorney is a legally binding document that allows an individual to appoint a trusted person to manage his or her financial and personal affairs in the event of physical or mental incapacitation. Unlike a will, a durable power of attorney provides for protection of you and your assets while you are still living.
Advanced Medical Directive (often referred to as a Living Will)
An advanced medical directive, also known as a living will, allows an individual to outline his or her wishes with respect to medical treatment desired and the use of artificial means of life support in the event that he or she is physically or mentally unable to express those wishes.
Health Care Proxy
A health care proxy allows an individual to authorize another to make medical decisions on his or her behalf in the event that he or she is physically or mentally unable to do so. Your designated health care proxy can use your advanced medical directive as guidance and support in the decision-making process.
Parental Appointment of Guardian
If you are the parent or legal guardian of a minor, it is imperative that you appoint a guardian to care for said minor(s) in the event of your death or incapacitation.
Estate Administration:
Administering a loved one's estate can be stressful and complicated during an already emotional and difficult time. The legal steps required to administer an estate can be either minimal or extensive depending on the nature and value of the estate, and the existence and contents of a decedent's estate plan.
Estate administration can involve the preparation and filing of time-sensitive forms, as well as decision-making that involves not only probate law, but also property, tax, and other relevant areas of law.
Attorney Glennon can help you navigate through the process with as little added stress and difficulty as possible.
Contact Attorney Glennon today for a free, no obligation assessment.