You work long and hard to provide for your family, so you can take comfort in being sure that you planned for their long-term financial security and well-being. We carefully analyze your estate and plan the best possible means of transferring your assets, establishing guardianship for your children, minimizing taxes, caring for your pets, supporting your personal philanthropic causes and especially protecting those you love and hold dear.
It is essential at every stage of your life to have a will. A living will sets the path for medical intervention if you should become incapacitated. This will assure that when you become the most vulnerable, your specific wishes will be carried out and honored.
Your last will provides you with the opportunity to establish care for your children, distribute your specific property and express your wishes in the event of your death. A will becomes necessary should you intend to leave any property to a person or entity other than a relative by blood, such a friend, domestic partner or a charity. Should you pass without a will in place, the court will determine how all of your property is to be distributed, who may care for your children and even what could happen to your pet – and in the process, make decisions that may not reflect your specific desires. We, however, can draft valid wills that will ensure your individual intentions are honored in the way you wish.
As changes happen in your life, you might need to change your estate plan as well. You may find yourself needing to update your will a number of times during your life. We can draft valid codicils that will address any changes in your marital status, financial situation, your number of children, any philanthropic interests and also your lifestyle decisions.
If you have children that are minors, your will can allow you to make your decisions about how they are cared for in the future. This can be especially vital if you are a single parent or in the event that both parents die in an incident. If you have not named a guardian, the court will then appoint a guardian of their choosing for your children and can also make decisions that are adverse to your goals for parenting. In addition, you can make arrangements for the future care of your pets in your will, including even naming a guardian who will take the responsibility of your pets.
Contact McClure, Ramsay, Dickerson & Escoe, LLP and see how we can help you with estate planning.