Wills and Trusts
Every adult should have a durable power of attorney for health care, a living will (also referred to as "Advanced Care Directives"} and a last will and testament, so your loved ones can carry out your wishes.
Your Living Will instructs your treating physician(s), through your designated contacts, what your wishes for medical treatment are, in the event you are unable to speak for yourself. In the companion document, the Power of Attorney for Health Care, you designate an agent or agents to ensure that those wishes are honored.
A Last Will and Testament directs your executor or administrator to distribute your assets as directed in the will. Many of your assets can be transferred, after your death, without having to go through probate, however the probate process is there to ensure that your assets are distributed as you stated in your will.
In some circumstances, a trust may be a better option for managing your assets during your lifetime and after your death. If you have a child, or relative, with special needs, special consideration must be made to any desired bequest to that individual. If he or she is receiving, or may in the future receive, government assistance, any direct distribution may interfere with that government assistance.
Mary Ellen can assist you in making these decisions.