Wills are the most common way for someone to plan to distribute their money and possessions after passing away. Wills can range in complexity, but they are mainly designed to liquidate and distribute assets. A will needs to be probated, or submitted to the court for approval. This means that the will, and anything in it, will become public record. So, if you do not wish for the information to become public, you may want to consider a trust. S&H Law can help you decide if a will is appropriate, and draft a document to your specifications.
Trusts come in a variety of forms and require a very detailed evaluation of each clients personal situation. Generally, trusts are a great way for someone to control their money after they have passed away, or becoming incapacitated. Trusts are a great tool to use in controlling who inherits your money, or property, and when. This differs from a will, because a will is designed to streamline the liquidation and distribution of a person’s estate. A trust allows someone to appoint a trustee to control access to money and assets years into the future. Another great aspect of a trust is privacy. A trust does not need to be probated; therefore, the contents remain private. S&H Law will work closely with you to protect your privacy and make sure your wealth is distributed exactly the way you want.
Durable Powers of Attorney (Financial and Medical)
There are two different types of Durable Powers of Attorney, financial and medical. Both documents should be included as part of a comprehensive estate plan. They cover distinctly separate issues and can put an individual at a great disadvantage if one or the other is not drafted, or is drafted poorly. S&H Law will take the utmost care in making sure all of your designations are correct and the document is simple and easy to understand.