A proper estate plan acts to protect and ensure financial security and peace of mind for loved ones. O’Bryon Law Firm offers a comprehensive service for estate planning, including wills, revocable and irrevocable trusts, powers of attorney for finances, and powers of attorney for health care, and other estate planning documents.
What is a revocable trust?
A revocable trust allows for the estate to be distributed to the grantor during the life of the trust.
What is an irrevocable trust?
Irrevocable trusts are often used to preserve wealth from a nursing home spend down. Along with the benefits of avoiding probate and maintaining privacy regarding your estate, an irrevocable trust can ensure that your wealth is passed to the people and causes you wish to benefit.
What is a power of attorney for finances?
A power of attorney for finances acts to transfer the management of finances to a designee in the event you are incapacitated or unable to make sound financial decisions.
What is a power of attorney for healthcare?
Power of attorney for healthcare appoints another person to make important healthcare decisions if you are unable to make those decisions personally.