KPPB LAW provides comprehensive trusts and estates legal services. Trusts and estates are both complex areas of the law that are extremely important to individuals and their families and friends. Getting just one requirement wrong in an estate planning instrument can completely undermine a decedent’s wishes. Our attorneys are highly experienced in trusts and estates work, and we have a history of success in creating trusts and estates documents.
Trusts and Estates Legal Services
KPPB LAW provides reliable legal services in both trusts and estate planning.
- Revocable and irrevocable trusts
- Powers of attorney
- Health care directives
- Living wills
- Succession planning
- Charitable planning
A will states your final wishes for your earthly possessions. It will also often provide information on who should take care of your children, your pets, or certain types of property. Each state has probate laws, which designate to whom your property should go, but a will explains how you would like to handle your debts and specifically states who or what should receive your property. Wills have certain legal requirements that must be met to be valid. Failure to adhere to these requirements can completely invalidate your will, changing your property distribution after your passing.
Revocable and Irrevocable Trusts
A trust is a legal arrangement with another person or entity that allows a third party to take care of your possessions or your funds. There are a variety of trust types, and your individual financial situation will dictate which trust is right for you. A revocable trust can be changed or terminated while you are alive, but an irrevocable trust generally cannot. Trusts have both tax and control advantages that other estate planning tools do not offer. Having a trusts and estates attorney create your trust allows you to have a tailor-made option for your possessions or wealth long after you are gone.
Power of Attorney
There are occasions where you or a loved one may not be mentally or physically capable of making your own decisions regarding your well-being or financial situation. A power of attorney gives someone else the ability to make these important decisions for you. These documents are often used in situations where someone may become mentally incapacitated, specifically as they age. Having this type of document makes managing another person’s affairs much easier.
Health Care Directives
A health care directive is similar to a power of attorney, but it only touches healthcare decisions. If you are incapacitated, then someone else can make your health care decisions for you based on your wishes as laid out in the health care directive. Some individuals create this document as they get older, while others make sure that they have this type of document before going into a serious procedure or surgery.
A living will is another term for a health care directive. It allows someone else to make health care and related decisions for an individual. Like a regular will, a living will has certain legal requirements that must be met for it to be valid. Failing to meet these requirements could mean that you have no one to make healthcare decisions on your behalf if you are incapacitated.
Succession planning is like estate planning for businesses. The process identifies individuals who can fill important or vital business roles should a key person or people within the company pass away or otherwise become incapacitated. This type of planning keeps businesses running smoothly even when key people are unavailable. Without it, businesses may end up closing their doors forever.
Giving to charity allows individuals and businesses to support specific causes in a unique way. Charitable planning allows you to do this through a will, trust, or other estate planning instrument as well. It can lessen tax burdens and serves as a form of a legacy for many individuals. A skilled trusts and estates attorney can help you or your loved one give to charity in a way that has the most benefit for the charity and for you or your family.
Benefits of Our Trusts and Estates Legal Services
Anyone considering the above documents or services should seek legal representation. Without an attorney, your chances of creating a valid document for trusts and estates purposes are significantly less. The requirements for a valid legal document are complex and vary depending on the type of document and your unique financial circumstances.
KPPB LAW has expansive experience and knowledge regarding many facets of estate planning products. We can use this knowledge of the law and procedures to ensure the best result possible for our clients. Clients who use KPPB LAW will not be overwhelmed by the estate planning process, because we will help you every step of the way.
Contact KPPB LAW’s Experienced Attorneys
KPPB LAW’s attorneys are ready to support your trusts and estates needs. You and your family can have peace of mind knowing that your property, wealth, and health care directives are in extremely capable hands. Call today or send a message online to discuss your legal needs or to set up a consultation.