The Law Offices of
Kiolbassa, Holmes & Ansong
Estate Planning (Wills and Trusts) Law
Be prepared for unexpected life events with Estate Planning
Maintain and Protect Your Legacy. Once you begin to Build Your Legacy, you need to Maintain and Protect it. If you do not plan properly for unexpected incapacity or death, your family will potentially have to deal with burdensome administration, unnecessary costs, and risk of unintended recipients on top of emotional issues.
We cannot stop a storm, but we can sure plan for one. Wills, Trusts, and Power of Attorneys are legal tools used to make sure that assets are given to the correct parties. Let’s learn about the 3 set of documents here:
WillGenerally speaking, a Will handles the administration of your Estate.
This includes items such as Guardianship over your children, Burial requests, and Distribution of Assets through the process of Probate.
TrustLoosely speaking a Trust is a vehicle that handles the distribution of assets.
Sometimes giving assets to loved ones is not as easy as you may think. For example, you may want to make sure that distributions of your Estate to your children happen at certain times and events to ensure that your children are ready for the responsibility of the asset.
Power of AttorneyA Power of Attorney is giving someone else the power to sign or make a decision on your behalf. Most people have 2 Power of Attorneys.
Property:This allows someone to sign or make certain financial decisions for you if you are not available or competent.
Healthcare:This allows someone to sign or make certain health decisions for you if you are not available or competent.
For over 14 years, we have managed hundreds of Estate Plans. Whether you are having your first baby or dealing with an elderly parent we can help. We have broken the Estate Planning Process down to 3 Steps:
- 1) Interview
- 2) Creation
- 3) Proper Funding
Watch a video of Estate Planning Basics here: