An estate plan can play a vital role in your peace of mind and financial security. An experienced and attentive attorney can ensure that your estate plan accurately reflects your wishes and protects your interests. David Oriol is a skilled attorney who establishes last will and testaments in accordance with their clients’ wishes and best interests, and you can count on him for skilled help with your estate plan.
Types of Estate Planning Documents
There are several estate planning directives that can benefit you, your family and your family’s legacy. At Oriol Law Firm we can help you explore your options in establishing any or all of the following:
- Last Will and Testament: This directive comes into effect after you die and directs how you want your estate to be divided. In your will, you can appoint an administrator, who will handle the succession process. In a last will and testament, you essentially give your estate away in proportionate amounts and leave particular items to particular individuals. For example, you may decide to leave all of your cash to one child and all of your real estate to another. Or, you may choose to gift money to an organization and leave the remainder of your estate to your family.
- Trusts: You may want to leave a portion of your estate to someone incapable of managing that gift, such as a child. A trust will ensure that your gift is appropriately managed to the benefit of the individual to whom it was intended.
- Powers of Attorney: By granting an individual power of attorney, you are giving him or her the ability to conduct financial business on your behalf. For example, the person with power of attorney can sign your checks, make withdrawals out of your bank accounts and pay your bills on your behalf. Powers of Attorney can also include a provision for medical situations.