Many parents assume their belongings and property will automatically transfer to their children when they die. Parents mistakenly believe their children inherently know their wishes. While this is sometimes the case, to ensure the proper beneficiary receives your assets and that your wishes are followed for your care, it is important and necessary to create a will in the context of an overall estate plan.
Since 1985, Gerard Glass has served families in Babylon, Islip and surrounding communities and helped them draft and review estate planning documents, such as living wills, powers of attorney, and wills and trusts. Each document has a different purpose and not every estate plan uses all of these instruments. We will meet with you, learn about your wishes and goals, and help you create an estate plan that works for you. We can help you:
Plan Today To Provide For Your Children And Family
A last will and testament will help ensure that your plans and wishes are followed after you are gone. A will can make sure that your china is given to your oldest daughter, or ensure that your grandson receives your tools. The most commonly used estate planning documents to transfer assets to heirs and provide for family members include:
- Simple wills, which instruct the personal representative or executor how to distribute treasured keepsakes and transferring ownership of the family home
- Trusts, in order to set aside funds to care for minor children or dependent adults
- Guardianships, which designate a caregiver for minor children
- Deed transfers, which include those retaining a life estate for the grantor. The deed transfer can be crafted in such a way as to give the client the right to stay in the home for their natural life, but offering the grantor protection from medical liens and avoid probate or administrative proceedings.
If your estate is more complex or if you have specific needs to address, our attorneys can explain other options for stating your wishes and intentions in legally enforceable documents.
Plan For Your Own Care In The Event Of Incapacity Using Advance Directives And Living Wills
Most people give very little thought to whether their children know what type of care they want if they are incapacitated or unable to communicate. If you have specific wishes to convey to your family about the medical care and end-of-life care you want, certain estate planning documents such as living wills can help you.
- Living will, which lays out your wishes for care should you be unable to communicate or make decisions due to incapacity
- Living will with health care proxy, which also designates a trusted individual to make medical decisions on your behalf
- Power of attorney, which gives a person the power to make decisions on your behalf, either medical or financial decisions
Call 631-321-1400 to contact an estate planning lawyer at Gerard Glass & Associates, P.C., today to schedule your initial consultation and discuss your need for a guardianship, trust, living will, power of attorney, or other estate planning document.