By utilizing and executing basic estate planning tools, you and your loved ones will enjoy peace of mind, knowing there is a plan in place in the event of death or incapacity. By executing a comprehensive estate plan, you afford your loved ones the chance to be there for you, rather than worrying about the legalities of how to take care of you and your affairs.
Wills are documents designed to enable you to pass on your assets to your loved ones at the time of your death. Under a Will, you can also name guardians and conservators to care for your minor children after your death. Executing a Will allows you to make decisions now about who will handle your affairs after you are gone, including the collection and distribution of your assets in accordance with your estate plan and payment of inheritance tax.
Establishing a revocable trust allows you the opportunity to engage in more in-depth planning. Trusts are advantageous for several reasons, including the ability to avoid the cost, time, and public notoriety of the probate process. You will be able to implement distribution strategies that fit your particular situation and family structure. Executing a Trust allows you to make decisions now about who will handle your affairs under the Trust after you are gone, including the collection and distribution of your assets in accordance with the Trust and payment of inheritance tax.
Powers of Attorney
There are several different types of Powers of Attorney, both for health and financial decision-making. By executing these types of documents, you can choose persons to make health and financial decisions for you in the event you are unable to for yourself.
If you already have an estate plan in place, it is a good idea to review it every couple of years to ensure your plan meets your current situation. In many cases, simple documents can be executed to update your estate plan so that it reflects your current wishes and station in life.
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If you or a loved one has been charged with a felony or misdemeanor crime in Douglas County, Sarpy County, Cass County or Washington County in Nebraska, contact us at Hightower Reff Law. Contact us online, email us at firstname.lastname@example.org or call 402-932-9550 to schedule a consultation with one of our lawyers, in our office, or we can meet with you at a police department or jail, if necessary.