Wills are essential legal documents.
Wills are as important as a driver’s license or a birth certificate. It tells your spouse, children, family and friends your wishes in regards to the distribution of your property and guardianship of your children and allows for a great deal of flexibility in the distribution of assets. It is binding and will be upheld by the probate court if challenged.
Wills are not one-size-fits-all. At Edwards Law, we draft binding last wills tailored to you and your family’s needs. We also draft trusts, power of attorney (POA s), living wills, and medical directives to ensure your wishes will be honored and your loved ones provided for.
Common Estate Planning Documents Defined
Wills / Last Will and Testament: A legally binding document in which a person leaves instructions on how their property is to be distributed after their death, and on who will get custody of their children. Wills provide a great amount of flexibility and power to the person writing the will (called the Testator). Wills are important for everyone, but are absolutely essential to those with minor children.
Medical Directive – Living Will – Advance Directive – DNR: A legally binding instrument in which a person gives instructions for their medical care if they become incapacitated, comatose, or terminally ill, and are unable to communicate.
Trusts: A legal relationship where a person gives another the right to the use of property according to a specific set of instructions, under the administration of a Trustee. There are different types of trusts. Among other things, trusts are used in providing care or education for children, or the disabled or elderly.
Durable Power of Attorney: A legal document which gives another the authority to act as their agent, to make certain decisions on their behalf if they are incapacitated.
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If you answer yes to ANY of the following questions, you need a will:
A. Do you have children?
B. Do you own a house or land?
C. Do you have debts?
D. Do you have life insurance?
E. Do you own a business?
F. Have you ever divorced?
G. Will you inherit property, cash, or personal effects from someone else?
H. Do you own stocks, bonds, or other investments?
I. Do you have personal items that you want someone specific to receive?
J. Do you have significant amount of money in bank accounts?
K. Do you provide care for an elderly or disabled person?