Effective planning for the future has many advantages. Using wills and/or trusts, you can set forth your health care wishes, distribute your assets, and plan for your family's future. Wills and other estate planning documents are so very important - they bring clarity and direction during a time of grieving.
Scott R. Ellis prepares a range of individually tailored estate planning documents, including:
We encourage every adult with any property to plan ahead. Creating a will alleviates so many costs and worries for your family.
Scott is an estate planning attorney specializing in wills, trusts and asset protection.
Mr. Ellis will work closely with you to develop a plan and all necessary documents that will address your major areas of concern, such as:
Disposition of your estate: A proper plan allows you to distribute your assets in accordance with your wishes. Clearly drafted documents, such as wills, can prevent misunderstandings and arguments about your intentions. In addition, you can select who will be responsible for overseeing your estate administration in probate. Your will should clearly state who receives and manages your assets upon your death.
Asset protection: Effective estate planning allows you to protect your children's inheritances, reduce estate taxes and minimize future legal fees. Trusts are powerful tools and can be used in addition to a Last Will and Testament. A Trust provides ways for you to manage the distribution of your assets after your death. You can decide when and how your children or grandchildren receive an inheritance. You can also designate the use of funds, for example, a down payment on a home or college tuition.
Asset management: You can help address the management of your assets during your lifetime. Trusts will ensure that your assets are managed in a way that meets your objectives. Properly drafted powers of attorney can provide decision-making authority to people you trust should you become unable to manage your affairs.
Health care decisions: Through the use of advanced directives and other documents, your caregivers and family will know your health care wishes. These documents can remove a difficult burden from your loved ones by clearly stating your medical choices.