Philadelphia living wills and trusts provide you with the opportunity to determine how you want your assets divided among your children when you pass away. A living will provides you with a chance to tell your legal power of attorney what type of medical decisions you approve of. For example, if you do not want to be placed on life support, you can say so in your living will. This way your loved ones will honor your wishes if you are in a coma or you have other health issues. Preparing the Philadelphia living wills and trusts on your own can be incredibly difficult and you may not remember to sign all of the paperwork and other things that cause the will to become a legal document. Hiring a good attorney will provide you with the help you need to make sure your last wishes are executed properly.
Your trust is just as important as your will as you must appoint a trustee to oversee your trust and manage your assets on your behalf. Setting up a trust is complex as well because there are so many different options to choose from. Here are a few of the common trusts you need to learn about before you create the first one you read about:
Since there are so many to choose from, it helps to hire a qualified attorney to help you. Our skilled attorney, Milton D. Abowitz, Esq. has years of experience with Philadelphia living wills
and trusts and he will make the entire process go smoothly and quickly. Some people set up a trust without realizing that they could be leaving their children with an expensive inheritance tax. In order to avoid doing this to your children, our law firm will create the trust fund with the right language so it will not head to probate.
Philadelphia living wills and trusts can become confusing if you don’t have a goof attorney at your side to assist you. Contact our law firm today for a free initial conference where we will discuss your options.