Estate planning is a topic often avoided because it involves contemplation of death, family relationships, and property distribution. In addition, some people believe that estate planning does not apply to them because they are young, they don’t have children, or they have limited assets. However, many people benefit from some type of estate planning to address their goals and desires for the future care of their family and their property.
Peace of Mind, One Document at a Time
We can help you decide which estate planning documents are vital to you.
- Basic Will. A basic will includes provisions for you to specifically name the individual(s) who will manage your estate after your death, who will be the guardian(s) of any minor children, and who will receive your property.
- Will with Testamentary Trust. If you would like your estate to pass to your heirs or your minor children incrementally and/or with certain conditions, a testamentary trust is one method of planning for those events.
- General Durable Power of Attorney (Financial and Health). A general durable power of attorney allows your designated agent to handle your financial and health affairs in the event of your disability or incapacity.
- Special Power of Attorney. There may be instances during your life when you need an agent to act on your behalf for a specified task. A special power of attorney allows you to grant specific authority to your agent.
- Living Will. A living will allows you to specifically designate directions to health care providers regarding treatment if you are unable to communicate those directions. For example, your living will could specify whether you would want feeding tubes, breathing tubes, or medical treatment to keep you comfortable at the end of life.
- Revocable Living Trust. A revocable living trust is an estate planning tool where you place your property in the legal ownership of the trust during your lifetime leaving the trust’s assets exempt from probate upon your death.
- Probates. Probate is a legal process for gathering the estate assets, paying bills, inventorying your assets and debts, and distributing your property to your heirs after your death.
Contact Our Offices Today (406) 327-0600 to Speak to a Member of Our Team to Find Out How We Can Help You.