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Wills

A will is a document that directs an individual’s property to be distributed upon his or her death. A will is one of the essential documents for any estate plan in addition to trusts, powers of attorney for health care, and powers of attorney for property. Wills are usually:

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Simple Wills

A document that distributes property outright to one or more recipients, or

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Pour Over Wills

A document that distributes personal property and transfers the remaining property to a trust.

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A properly drafted estate plan will establish who shall be given property and when or under what conditions it can be received.  Preparations can be made to protect an individual’s assets during his or her lifetime and make health care as well as financial decisions if the individual is unable to do so.
 
The potential for guardianship, probate, and litigation, which are all extremely costly as well as time consuming, can be eliminated or greatly minimized through estate planning.

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