Weeks Law Firm

When estate planning, it's usually not enough to simply draft a will. Often, an important supporting document to have is a letter of intent. This lays out specifics to a trustee or beneficiary regarding how assets are to be managed or handled.

Planning for medical emergencies with an advanced medical directive should be part of every estate plan. An estate plan isn't just about deciding what will happen when you die - it can also be about life. So what is an advance medical directive? An advance medical directive allows you to specify who you want to make health care decisions for you if you cannot make these decisions for yourself.

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Estate planning is a good way to protect assets and loved ones from financial trouble or intestacy for many reasons. One way you can financially protect loved ones is a payable-on-death funerary fund. Rather than leave funeral payments to loved ones, you can open an account at your bank and allocate a portion of your estate to the account. That way, the money for funeral preparations is already waiting for your family when they need it.

What makes a will legally binding? While legal requirements vary by state, and an attorney should help you, the general requirements are: ✅ Testator is at least 18 years old, of sound mind, and not coerced ✅ Document must be signed and dated in the presence of and by disinterested persons ✅ Document must specify that it is the last will and testament ✅ Will must be in writing

The process of planning your estate can be a long and complex one. You might need to create legal documents and entities including wills, trusts, power of attorney and more. That’s why many people choose to work with a professional. While a financial advisor can walk you through the basics of building a financial plan that takes care of your family, it’s a good idea to work with an estate planning attorney.

If you need to make minor changes to a will, a codicil may be the way to go. A codicil is a legal document added to a will to make changes to a particular area while leaving the rest unchanged. There aren't rules to when a codicil should be used, but generally, if you need to make substantial changes or have already included multiple codicils, then it is advisable to draft an entirely new will.

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When the details of your estate are a bit complicated, it's wise to hire a lawyer. The ultimate goal is to protect the health and wellness of your family and taking the time to understand the details of your will or estate plan will ensure your family is protected.

When dealing with an estate, power of attorney is a legal document giving another person the power to sign your name on your behalf. This power ends if you become incapacitated - at which point durable power of attorney takes its place. Durable power of attorney is in effect until death.