We help individuals prepare their estate planning documents. Foremost among these documents is a will. A will is a document that comes into effect at the time of your death. Generally, a will controls:
who will care for your children by designating a guardian;
who will take care of your estate by designating an executor;
who will receive your estate by specifying beneficiaries in the dispositive scheme;
and when necessary designating who will care for assets placed in trust for beneficiaries by designating a trustee
A living trust (also referred to an “inter vivos” trust) is a separate entity which holds legal title of property for the benefit of another person.
A trust, being a separate entity, does not go through the probate process. If the all of the grantors property is transferred into the trust, they can avoid probate because they will not have any property in their estate. In some situations, a living trust can also help reduce a couple’s estate tax burden.
Planning for Incapacity
In addition to having a will, preparing documents that plan for your potential incapacity is vitally important. These documents (often called living documents) ensure that you and your estate will be cared for in the event that you become incapacitated.
The following documents are prepared as part of any estate plan we prepare:
A properly drafted estate plan ensures that legacy is left the way you vision it. Let us help you create a comprehensive estate plan today.
Why Choose Us?
At Tombs Maxwell LLP, we understand the legal and financial issues that need to be considered when preparing a comprehensive estate plan.
Our firm is comprised of attorneys with years of estate planning experience. In addition, every attorney in our firm has earned undergraduate or graduate degrees in finance. Our experience and background allow us to provide unparalleled estate planning expertise for you and your loved ones.
Estate Planning Services
Advance Directive to Physicians (Living Will)
Medical Power of Attorney
Financial Power of Attorney
We’ve written a number of articles about topics related to Estate Planning.