It is crucial to properly provide for your loved ones in the event you become disabled or pass away. At Greenberg & Sinkovits, LLC, we will assess your situation by evaluating your assets, liabilities, and your wishes to come up with an estate plan that best meets you and your family’s needs. There are numerous tools which can accomplish this including:
Durable Powers of Attorney
These documents enable you to select a person to make decisions on your behalf in the event you are incapacitated and cannot make such decisions for yourself. A Healthcare Power of Attorney allows an individual of your choosing to make your healthcare related decisions. This can include advance directives such as requests to disallow performance of an autopsy or a request for cremation. A Property Power of Attorney enables you to select a person to make your property related decisions. This can include the power to sell real estate, manage bank accounts, and the like.
This document indicates how your property should be distributed and who will handle the disposition thereof. A Will can also provide for minor children by naming a guardian and trustee on their behalf. A Basic Will does not avoid probate.
This document will assist your family in avoiding probate. A Living Trust details how property titled in the name of your Trust will be distributed upon your passing. Some property generally titled in the name of a Living Trust is personal property, real estate, and bank accounts.