November is upon us, 2017 will soon come to an end. Often times in January, we encounter clients whose New Year resolution is to complete their estate plan. Why wait until January when you can start off the year with the peace of mind that you have this task completed?
At any given time, you should have a Power of Attorney in which you appoint an agent to make medical or property related decisions in the event you are incapacitated or unable to make such decisions. As for your assets, a Will allows you to indicate who you would like to serve as your executor and provide for disposition of personal property. Since Wills must be probated, a Revocable Trust may be a better fit for your estate plan depending on the size of your estate as it avoids probate and provides for disposition of your assets and appoints trustees to manage your estate.
In addition, if you’ve recently increased or changed your assets; refinanced your home; had a child or need to change your Trustees or the guardians for your children, you may be due for a Restatement or Amendment to your Trust or a Codicil to your Will. These are all important aspects of your and your family’s life. Therefore, why wait at all?
Chauvel & Glatt understands that you are busy with the upcoming holiday season and will work with you to make the process smooth and efficient. To learn how our attorneys can assist you with your estate planning or other legal needs, contact us today.