Wills and Trusts are at the heart of most every estate plan. A well crafted will ensures that your property will go to who you want it to and minimizes unnecessary administrative expenses on your death and a trust can be used to achieve other specific goals.
A living will, also known as a health care directive, designates what medical procedures a client wishes to be subjected to in the event of a terminal or permanent condition.
In addition to your traditional estate planning needs, Gravis can also help on legal matters uniquely affecting older individuals such as financial abuse, elder abuse and neglect, consumer fraud, Medicaid planning, incapacity, guardianship and conservatorship, Social Security, Veteran’s benefits such as Aid and Attendance, housing issues.
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Planning for the Inevitable Future, Easier to do now than then . . .
Our Estate Planning Attorneys focus on your goals and your unique situation.
Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how modest, everyone has an estate and something in common—you can’t take it with you when you die.
It's not a matter of 'if', it's a matter of 'when.'
When that happens—and it is a “when” and not an “if”—you probably want to control how those things are given to the people or organizations you care most about. To ensure your wishes are carried out, you need to provide instructions stating whom you want to receive something of yours, what you want them to receive, and when they are to receive it. You will, of course, want this to happen with the least amount paid in taxes, legal fees, and court costs.
If you don’t have a plan, your state has one for you, but you probably won’t like it.
At disability: If your name is on the title of your assets and you can’t conduct business due to mental or physical incapacity, only a court appointee can sign for you. The court, not your family, will control how your assets are used to care for you through a conservatorship or guardianship (depending on the term used in your state). It can become expensive and time consuming, it is open to the public, and it can be difficult to terminate the appointment even if you recover.
That is estate planning—simplifying the process in advance and changing the fear of the unknown into the peace of mind of knowing for certain.
- Know that your property will only go to those you want it to go to on your passing.
- Know who will be responsible for carrying out your wishes.
- Know who will make health and financial decisions on your behalf if and when you become unable to make them on your own.
- Know who will take care of your minor children and who will be responsible for caring for the the property you leave them.
- Know that you can provide for a disabled loved one without disqualifying them from benefit programs.