The Importance of Estate Planning
It’s never too soon to get your house in order with proper estate planning. Life can come at you fast and unexpectedly. Whether you have a small or large estate, you want to be sure that your loved ones have peace of mind, are properly taken care of and that your final wishes are carried out. With the experienced estate planning attorneys at The Law Office ofLorri L. Wilbee-Kobe, LLC, you’ll receive the knowledge and tools to develop an estate plan that aligns with your circumstance, needs and wants.
Wills and Power of Attorney for Financial and Medical
There are several different types of wills, and each one is different. For example, a living will is not a legal document that distributes assets after death. Instead, it outlines instructions for what type of medical treatment you want in the event you are unable to communicate your wishes. For example, do you want to be put on a respirator or resuscitated if you stop breathing.
A power of attorney is a legal document that gives someone you choose the power to act in your place if you become physically or mentally incapacitated. With a valid power of attorney, the named person is legally able to take care of financial and medical issues, such as managing investments, paying bills or directing your medical care. Without this legal document, your loved ones are prohibited from handling your financial affairs and making medical decisions. .
Beneficiary Deed, Guardianship and Conservatorship
A beneficiary deed allows an owner of real property to execute a deed that names a beneficiary who will obtain title to the property at the owner’s death without the necessity of going through probate. To avoid costly mistakes, it is important to have this document prepared by an attorney.
There are a number of reasons that parents may be unable to care for their minor children. When this happens, one option is for a non-parent to seek guardianship of the child. For a variety of reasons, some adults cannot manage their affairs and may need a legal guardian to make decisions for them and to handle their affairs. A conservatorship may be necessary if an adult has not created advance directives, such as a healthcare power of attorney and living will. The attorneys at The Law Office of Lorri L. Wilbee-Kobe, LLC work with individuals and families who need a beneficiary deed or need to take legal guardianship and/or conservatorship of a child or incapacitated adult.