Estate planning is something that everyone should take seriously, as your estate plan, or lack thereof, can have a significant impact on the lives of those you love most. This is why you should strongly consider speaking with a seasoned Chesapeake estate planning lawyer who can craft an ideal estate plan for you and your family. Contact Patzig Law today.
Do I Need a Chesapeake Estate Planning Lawyer?
Though it may be tempting to draft your will or another estate planning document on your own, there is a reason why anyone familiar with estate planning law will insist that it’s best to hire an attorney. Even a simple misphrase could drastically alter the outcome of your will. Our firm can ensure that each of your estate planning documents will be valid, enforceable, and work in the best interests of you and your family.
Key Estate Planning Documents
Patzig Law is experienced with handling a wide array of critical estate planning documents on behalf of our clients. Some of the most common estate planning documents we handle are as follows:
- Wills: Everyone should draft a comprehensive will in their lifetime. When someone writes a will, they are essentially leaving a set of clear instructions regarding how they would like their assets to be distributed upon their passing. In a will, you can appoint beneficiaries (the people who will receive your assets), and an executor (the person who will oversee the distribution of your assets and ensure your will is carried out as you would have intended). Parents can also establish guardianship for minor children in wills, wherein they will appoint guardians who they trust to raise their children, should they be unable to do so themselves for one reason or another.
- Trusts: There are several types of trusts available, and the type of trust that is best for you depends on who you are and what your goals are. That being said, in most cases, people will create trusts, such as a revocable living trust, so that their assets can avoid the probate process upon their passing, thereby saving the family both time and money.
- Powers of Attorney: There are several types of powers of attorney, including healthcare powers of attorney, financial powers of attorney, and more. Essentially, a power of attorney allows you to appoint a trusted individual to manage your finances, healthcare, etc., should you ever become incapacitated and unable to manage those things on your own.
Contact a Chesapeake Estate Planning Lawyer
Our goal is to give you the peace of mind you need to focus on what matters most in life. Contact an experienced Chesapeake estate planning lawyer here at Patzig Law today so you can tell us your goals, and then we will work to make those goals a reality.