Everyone should have a will.
A will is a legal document that contains your intent as to how you want your property and assets distributed upon your death.A will allows you to designate the beneficiaries of your estate, select the guardian of your minor children, make specific bequests,and designate your personal representative.A well drafted will is essential in ensuring that, upon your death, your assets pass to those that you wish.
There are two important aspects we consider at Welch and Avery when drafting a will.
First, we will review your wishes for your estate and discuss with you various eventualities and situations that might impact how you want your affairs to be handled.Our goal is to be as complete and thorough as possible and ensure that you do not overlook a situation that might defeat your wishes for your estate.Second, we will draft your will properly and as tightly as possible to make sure that your estate planning goals are respected.
Powers of Attorney
We want you to be in control of your future and finances. We can assist you by preparing a Durable Power of Attorney and a Health Care Power of Attorney. A durable power of attorney allows you to designate the person of your choice to handle your finances and banking if you ever become incapacitated. A health care power of attorney allows you to designate a person to make heath care decisions on your behalf if you are become unable to do so yourself.
Closing of Estates
A personal representative of an estate (referred to as an executor if the decedent died with a will, or an administrator if the decedent died without a will, or “intestate”) is the person responsible for settling a decedent’s estate by notifying creditors, looking for assets, paying estate expenses, maintaining proper records, making distributions, and handling all required filings timely. Depending on the size and complexity of the estate, this can involve a serious commitment of time and may prove difficult. There are laws governing how an estate must be administered, and there are local policies set by the Clerk of Court which can vary from county to county. Our probate administration representation is designed to efficiently and effectively get clients through the process of settling the estate of a loved one. Welch and Avery offers a range of estate administration services. On the most basic level we can meet with an administrator or executor to provide information and resources that they can use to perform their responsibilities properly. For more complex situations our estate attorneys can largely take over the estate administration.
Because a personal representative is often named in the will (and may not have volunteered or even known of their designation), the law allows many of the expenses involved in the administration to be paid by the estate. Our goal is to streamline the estate administration process and take the burden off the personal representative at a time of difficulty.
Welch and Avery is dedicated to providing professional and individualized service in the areas of wills and probate. Contact us today to discuss creating or updating your estate plan.