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Estate Planning

Although it can be difficult to think about, creating a comprehensive estate plan is essential for ensuring that your wishes are carried out and your loved ones are provided for in the event of incapacity or passing. At M&M Law, LLP, can assist with your estate planning needs.

  • Will.  Your Will is a legal document that outlines how your assets will be distributed upon your death. It allows you to specify beneficiaries who will inherit assets, appoint guardians for minor children (depending on the circumstances), name an executor to manage the estate, and address other important matters such as funeral arrangements. Wills are crucial for ensuring that your wishes are carried out after their death and can help prevent disputes among family members.
  • Testamentary Trust.  A trust is an arrangement where a person (the grantor or settlor) transfers assets or property to a trustee, who then manages those assets for the benefit of one or more beneficiaries. This allows the grantor to designate assets to be held in trust for the benefit of beneficiaries, such as minor children or individuals with special needs, with instructions on how those assets are to be managed and distributed by a trustee. Testamentary trusts offer flexibility and control over the distribution of assets after the grantor’s death.
  • Financial (Durable) Power of Attorney.  A financial power of attorney grants someone else the authority to manage financial/legal matters on your behalf. The person granted this authority, can make decisions related to banking, investments, real estate transactions, tax matters, and other financial affairs specified in the document. This document is typically used to ensure that someone can manage financial matters on behalf of the principal if they become incapacitated or unable to make decisions for themselves.
  • Health Care Power of Attorney. A healthcare power of attorney allows you to appoint someone else to make healthcare decisions on your behalf if you are unable to do so due to incapacity or incompetence. The appointed agent has authority to make medical treatment decisions, including choices about medical procedures, treatments, and end-of-life care.
  • Living Will.  A healthcare living will is a legal document that allows you to outline your preferences for medical treatment and end-of-life care. Unlike a healthcare power of attorney, which designates someone else to make healthcare decisions on behalf of the individual, a living will directly communicates your preferences regarding life-sustaining treatments, resuscitation, and other medical interventions. This document provides guidance to healthcare providers and family members, ensuring that your wishes are respected.

At M&M Law, LLP, we understand the importance of careful planning when it comes to protecting your legacy and providing for your loved ones. Our compassionate attorneys will take the time to understand your unique circumstances and goals, crafting a customized estate plan that reflects your wishes and priorities.

Contact Us Today

Don’t wait to secure your legacy and protect your family’s future. Contact M&M Law, LLP today to schedule a consultation with our experienced estate planning attorneys. Let us help you achieve peace of mind knowing that your affairs are in order and your loved ones are taken care of.

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