Estate Planning Services
Yee Law Group offers a full range of estate planning services for our clients. Whether your estate planning needs are fairly straightforward or highly complex, one of our estate planning lawyers may help you.
The importance of estate planning cannot be overstated. It is a trusted way to make sure that the legacy you leave behind is as you intended. Estate planning provides you with the opportunity to exercise control over short and long term circumstances.
Our Role as Your Estate Planning Attorney
The attorneys of Yee Law Group may guide you through the process of creating the documents needed to plan your estate. Depending on your unique situation, this may include any or all of the following:
- Will. This is a legal document that will specify how your assets should be distributed, to whom, and how much each person will receive. If you have minor children, a will can be used to appoint legal guardians for each child.
- Healthcare proxy and living will. This type of estate planning permits you to specify who should have the legal authority to make healthcare decisions on your behalf if you become incapacitated. A Yee Law Group estate planning lawyer may sit down with you and discuss how a healthcare proxy and living will could be beneficial to you.
- Durable power of attorney. If at some point you become unable to make financial decisions on your own, a person you have previously given power of attorney can make those decisions in your best interest. You can designate anyone of your choosing to have power of attorney. It can be your partner, spouse, child, or anyone else you trust to make important decisions about your life. You can also specify what matters they can have control over, whether it’s over assets or other financial interests, or over all of your affairs. When sitting down with an estate planning attorney from Yee Law Group, he or she may review with you your areas of concern so that each is addressed.
The Importance of a Will
When someone passes away without leaving a will, it’s left up to the state where they resided to make crucial decisions about their asset distribution. This is referred to as dying intestate. As a result, the person’s final wishes may or may not be honored. Having a will ensures that your assets and other instructions will be followed, which can provide you with peace of mind.
The Contents of a Will
Most wills specify the following:
- The executor for the estate. The person you designate will carry out the instructions of your will and distribute the assets as necessary. The executor can be a trusted family member, friend, or estate planning attorney.
- The beneficiaries of your estate. You will name the person or persons who will inherit your assets.
- Asset distribution. Depending on your wishes, you may designate that a beneficiary inherits all or some assets either immediately or over a designated period of time. For example, you may specify that your minor child does not receive any of your assets until such time as they turn 18.
- Guardianship. If you have one or more minor children, your will can specify who will become the guardian of each child. The importance of this is why many people, despite their young age, will have a will drawn up. They do this to avoid allowing the state to make guardianship decisions in the absence of a will.
Contact us today to discover how the Yee Law Group may help you with our full range of estate planning services.