Who Needs an Estate Planning Attorney?
Contrary to what most people believe, it is not just the rich and the elderly who need the services of an estate planning attorney. An estate planning attorney is extremely important regardless of your age of financial status; everyone needs to retain one in order to ensure that their affairs and those of their loved ones are well taken care of in the event that you have died. Estate planning is extremely important especially for people whose children are still minors.
There are people whose line of career exposes them to consent danger every other day; such people need to consult estate planning attorneys who can help them put all their affairs in order. While it is not all the time that you could get involved in a fatal accident, there are other unfortunate circumstances such as being unable to make your own healthcare decisions. In such a case, your nominated estate planning attorney will have made ready the correct documents that will ensure that your care is well managed by another person.
Estate planning attorneys are responsible for the preparation of important documents such as the last will and testament, an advance health directive or a living will, healthcare surrogate designations in addition to powers of attorney where you name the person who will handle some particular or all your affairs in case you are incapacitated or in the event of death. It is also the business of an estate planning attorney to provide other important services such as asset protection in order to protect your wealth from creditors, advice regarding elderly abuse and elder law, estate administration and estate probate disputes, Medicaid planning as well as trusts and living trusts.
Wills: A will transfers all the property that is in your name to another entity or person like you may have specified; in case your children are minors, your will can also specify who their legal guardian is going to be. You may also name the executor of your will; this is a person who is legally responsible for ensuring that your instructions are carried out to the letter. Power of attorney: Durable powers of attorney for health, also known as health care proxies provide the names of the person who will become responsible for making your important healthcare decisions in the unfortunate event that you are unable to make those decisions on your own.
San Diego - Main Office Hamilton & McInnis, L.L.P. 3110 Camino del Rio South, Suite 203 San Diego CA 92108 United States Telephone: (619) 299-4877 http://www.hm-lawyers.com