Wills & Trusts
Millions of people die in the U.S. each year, and many of those die without a will or estate plan. This can cause unwanted complications to remaining family and friends.
To better ensure that your wishes are known and followed, it is best to clearly express them in a will or trust. Common topics covered in estate planning include finances and property, health care and incapacity, and nomination of a guardian for minor children.
Estate planning doesn’t have to be complicated. Knox Law provides personalized legal services based on your needs and wishes. Justin will walk you through the process and ensure your questions are answered and your goals are met.
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Common Estate Planning Documents
Last Will and Testament
The traditional document of estate planning, a will can lay out the wishes, desires, and thoughts of the creator in addition to the distribution of assets and property. This can include desired guardians for minor children. Recently, relatively simpler pour-over wills have become more common due to the increased popularity of trusts.
Revocable Trust
A revocable trust is usually structured to provide the benefits of a trust while allowing the creator(s) to change or terminate the trust easily during their life. A properly funded trust helps to avoid the time and cost of probate.
Irrevocable Trust
Written Advance Health Care Directive
Irrevocable trusts cannot be changed or terminated easily, but can provide additional benefits, such as improved protection of assets from creditors during the life of the creator(s).
Written Advance Health Care Directive
Written Advance Health Care Directive
Written Advance Health Care Directive
A document that can include a Power of Attorney For Health Care (appointing someone you trust to make medical decisions for you if you are incapacitated) and an Individual Health Care Instruction (describing your wishes concerning medical treatment).
Financial Power of Attorney
Written Advance Health Care Directive
Financial Power of Attorney
A durable financial Power of Attorney can be used to appoint someone you trust to manage your property and financial affairs in the event you become incapacitated. Powers granted are personaliced based on your needs.
Other Documents
Written Advance Health Care Directive
Financial Power of Attorney
Depending upon your needs and situation, other documents may be desired. These could include a codicil (an amendment changing or clarifying an existing will), trust amendment, an updated deed, personal property memorandum, or other related documents.
