Planning For Future Generations
Estate planning is not something reserved for the very wealthy. A solid estate plan is a good idea for people of all economic stations. Creating a plan that provides for the disposition of your property as you intend provides peace of mind that your final wishes will be fulfilled. Solid estate planning can help with retirement funds and provide provisions for your final medical care choices. Consulting an attorney who has experience helping people plan for the future is a wise choice when considering your final wishes. An attorney can explain the effect certain clauses your will and/or trust will have on your heirs in areas of taxation and property rights.
Effective estate planning includes the drafting of several documents. Some of the documents to consider are:
- Last wills and testaments
- Trust documents
- Advanced healthcare directives
Also of significance is a power of attorney. A power of attorney is a powerful tool that is used to give another person the authority to make legal decisions on your behalf. A valid power of attorney instrument must be in writing and made by a person of at least 18 years of age. Other legal requirements are that the person making the document must be of sound mental capacity and understand the terms of the document. This includes an understanding of what powers are being given and to whom, and what property is affected upon execution of the power of attorney.
Our skilled team of legal professionals is adept at drafting all forms of estate planning documents and provides an explanation of the papers being signed. For a thorough explanation of document preparation for estate planning needs, call a Bethesda estate planning attorney. We offer a one-hour initial consultation free of charge and give you options for consideration.