Estate plans can include instructions not only for distributing your property after you’ve passed but also for handling decisions in the event you can no longer make them for yourself. Though it may be difficult to think about your mortality, clear and thorough plans can remove the fear of uncertainty. We can help with:

Wills — Your last will and testament provides the opportunity to distribute property, establish care for children and otherwise express your final wishes. A will is the primary means by which you can leave property to a person or entity other than a blood relative.

Trusts — Trusts are flexible instruments that allow you to put conditions on gifts and provide an allowance for a beneficiary rather than a lump sum. When you set up a living trust, for example, you can enjoy your property during your lifetime and transfer wealth seamlessly at your passing, helping your loved ones avoid probate.

Advance directives — Advance directives allow you to clearly articulate your preferences for medical treatment and lifesaving interventions. They can set forth instructions on various matters, including who should serve as your healthcare proxy (power of attorney) if you are incapacitated. Advance directives can also include DNR orders.

Guardianships — If you have minor children, it’s important to plan for their care in the event that you and their other parent pass away. While you can name a guardian in your will, the court will need to appoint them to serve in that capacity. Choosing a reliable, capable and trustworthy guardian can help ensure your children grow up feeling cared for and loved.

Knowing that you have planned for the long-term well-being and financial security of your loved ones can be comforting. Our lawyers at Wallace, Martin, Duke & Russell PLLC thoroughly analyze your estate and strategize the best means of transferring your assets, minimizing taxes, establishing guardianship and supporting philanthropic causes.