Many of us put off estate planning because it forces us to think about death. Remember, once the planning process is complete, it is just one less issue with which you have to deal.
Bob Rosplock can advise you whether a trust is necessary or advisable for you and will advise you of the advantages of a trust.
While many of our clients have a trust merely to avoid the time and expense of probate, other clients clearly need a trust for reasons other than saving probate expense. Persons who definitely should consider a trust include:
Persons who own real estate, including timeshares, in two or more different states;
Persons whose beneficiaries are minors or adults who cannot properly manage money;
Those who have a disabled family member who may be disqualified from public assistance if an inheritance is received.
Health care power of attorney. A health care power of attorney is a document naming a person to make your health care decisions if the time comes when you are unable to do so. It is much more important than a living will, as it is in force for any period of time where you cannot communicate your own wishes. Sometimes a person acting under a health care power of attorney does so for several years.
Living will. A living will is a document primarily designed to express your wishes regarding being kept artificially alive. Most persons who sign living wills do so because they do not wish to be kept on a respirator, or continue to be fed or medicated if they are terminally ill and will never regain consciousness.