Estate Planning

Changes in your family require changes to your estate plan.

Estate planning is an important step in protecting your and your family’s future. Planning for all the future contingencies can bring up some sensitive and challenging conversations. However, creating an estate plan is the most caring thing you can do to protect and support the one’s you love.

An estate plan is a comprehensive package of documents that includes a will and two powers of attorney, one for finances and the other for medical care.

Estate planning is important at all stages of life and should be revisited whenever you have a major life change like:

  • Marriage
  • Divorce
  • New home purchase
  • Relocation to a new state
  • Birth
  • Significant change in assets, such as an inheritance.

Create a Comprehensive Will

Every estate plan should have a will. A will is legal document that expresses your desires regarding the disposition of your property upon your death. It can also be used to create a testamentary trust for the benefit of minor children or others. It is essential to have your will drafted properly so that your wishes can and will be enforced by the probate court.

Power of Attorney for Healthcare

A power of attorney for healthcare identifies and designates the individual you would like to make healthcare decisions for you in the event you are incapacitated and unable to make such decisions for yourself. This person is authorized to decide issues related to:

  • Personal care
  • Medical treatment
  • Hospitalization
  • Healthcare
  • Use of life-sustaining treatment

Gibbs Tillery can draft an advance directive that ensures your wishes will be carried out by the person you select.

Durable Power of Attorney

A durable power of attorney authorizes an individual you choose to make financial decisions on your behalf should you no longer be able to make those decisions for yourself. It can be limited to one specific area or more general. Gibbs Tillery will create a personalized document that ensures your financial wishes will be followed.

Learn how a custom designed estate plan can benefit your family.

Schedule a conversation.

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