At Galbraith Family Law, we can help you draft and prepare a will, outline your powers of attorney and executor and help you with your estate planning. It is important to prepare these documents before you pass so the right people inherit your assets and other belongings. Furthermore, this will help ease the stress of your loss for your family members and friends.
Why do you need a will?
It is important to have a will prepared before you pass on because it establishes crucial decisions that will impact the lives of your family members. This includes how your assets and estate will be distributed. It establishes who will take care of your minor children. It will also allow your family to avoid a long and costly probate process, saving them time and money.
Why should you have an estate plan?
If you want to protect your beneficiaries and your assets from being distributed to the wrong people, then you’ll want to have an estate plan prepared before you pass away. By having an estate plan in place, it will make the probating process more streamlined. A good plan often results in significant tax savings in many cases.
What is a Power of Attorney?
A power of attorney or POA is a legal document that gives your person of choice the ability to make decisions and act on your behalf in the event that a disability or sickness makes you unable to do so on your own. This includes any large financial decisions or legal documents you are unable to review and sign on your own at that time. Your attorney also will make decisions about your care when you are unable to do so yourself. Be sure that when deciding who will become attorney that it is someone you can trust 100%.
What is an Executor of a Will?
An "executor" is the person you have chosen who will, upon your passing, make sure your last wishes are followed. By and large, they will make sure of the distributions of your property, assets, and possessions according to your will.
Here are answers to some of our clients’ frequently asked questions about wills, estate planning, and powers of attorney.