This month on the Legal Briefs blog …what do you get for the mom who has everything? Gift buying for someone who doesn’t need much or is simplifying their possessions may require thinking outside the box.
One unique idea: gifting some or all of an estate plan. Comprehensive estate planning can be an investment but is worthwhile and can give the recipient peace of mind that her family is taken care of. What mom wouldn’t appreciate that?
While planning for ”what happens if…” tends to be at the bottom of everyone’s to-do list, you don’t want to wait till you need a will or trust or power of attorney to create one. Not many attorneys can draft documents or have availability to meet with clients at a moment’s notice. Leaving your planning to information and documents found on the Internet could create a mess for your family later.
At Stone Law we aim to earn your trust as compassionate, knowledgeable estate planning attorneys. We work together to tailor a plan that suits your needs.
What does estate planning mean exactly? Estate planning generally includes a will, trust, and powers of attorney.
Wills are most common and allow the naming of a guardian for minor children and beneficiaries, neither of which should be left to the whim of a government official.
Trust planning allows for you to skip the probate process, keeping your estate details private. There are several different types of trusts. At Stone Law we have specialized knowledge in trust planning. We work with you to understand what makes the most sense for you and your family, creating a plan that meets the specific needs of your family.
Powers of attorney name trusted individuals to act on your behalf when you are unable to do so. These individuals are called fiduciaries and are legally required to act in your best interest.
- Medical Power of Attorney: Allows someone to discuss and authorize treatment with doctors and others caring for you.
- Financial Power of Attorney: Gives your fiduciary various powers to manage bank accounts, sign mortgage documents, pay bills, etc. and can be specific or more general covering a variety of situations.
Moms are always thinking of everyone else. This year, consider giving her the gift of peace of mind, and maybe some chocolate or flowers. Give Stone Law a call today at 877-897-6591 for more information or to set up a free initial consultation with your mom.