Dade City residents will see many advantages from hiring an estate planning lawyer, as documents such as a last will and testament and living will can provide tremendous peace of mind.
In fact, beyond writing a last will and testament, you can enjoy a number of other benefits from estate planning. Dade City attorneys can help with a number of other documents, helping you achieve a range of different objectives such as how to divide your assets after your death, choosing a guardian for minor or disabled children if you were to pass away and documenting your preferences for treatment if you are to become incapacitated. These are just a few of the matters that you can address with your lawyer.
What Forms and Documents are drafted as Part of Estate Planning?
Dade City estate planning attorneys can draft and review many documents, including your last will and testament, trusts, living wills and power of attorney documents.
It can be tempting to visit one of the many websites that offer free estate planning forms, but this is something that should be avoided because these overly general documents do little to address the unique complexities of each individual’s estate and situation. In fact, attempting to draft your own estate planning documents could lead to a situation where the documents are invalid or the documents could cause serious confusion, resulting in court involvement in an attempt to rectify and sort out the matter at hand.
For this reason, it’s critical that you turn to an estate planning lawyer to draft your documents. This ensures they’re clear, specific and free of ambiguity.
When tending to the process of estate planning, Dade City residents may begin by drafting a last will and testament. This can be used alone or in conjunction with a trust. The will goes into effect at the time of death and it specifies your preferences for handling your estate, including your pick for a personal representative, how to divide your estate and what financial resources will be used to pay any remaining expenses. You can also name a guardian for your minor children and indicate whom you would like to care for your pets.
Trusts allow you to address many of these same issues. Trusts are very versatile and may offer more flexibility than a last will and testament, making them a very popular and useful tool for estate planning.
Dade City residents may also write a living will, which deals with life support. You can indicate what type of care you’d like to receive and what measures you would like to utilize or prohibit (such as a feeding tube or other support.) A health care surrogate document allows you to designate a person as your medical decision maker in the event of incapacitation. Both of these documents can help prevent a difficult situation where loved ones are left wondering how to proceed.
Estate planning lawyers also handle power of attorney forms, which allow you to authorize a variety of different financial and property decision-making powers to another party. Due to the potential for abuse, it’s essential that you work with a trusted attorney to draft these documents.