When we think about our wills most of us are not fretting over who is going to get the mansion in the Hamptons or the Malibu Condo. For that reason, many individuals make the mistake of thinking that they do not need a will. If you own a car, or a house, or a bank account, a will may be necessary for a smoother transition of those assets to a spouse or to your children. More importantly, if you have minor children, a will is your opportunity to nominate a guardian to care for them in the event both parents pass away or are incapacitated. If you fail to nominate a guardian for your children, they may then be subject to a court battle among family members over their custody, thus adding to what would already be an extremely stressful time in their lives. Furthermore, it is imperative to have powers of attorney for both financial and healthcare matters, so that your loved ones have the ability to care for you should you become incapacitated.
The team of attorneys in Manning Fulton’s Estate Planning practice understand that you may have these same concerns about your affairs, though you may not have the assets to support complicated will and trust planning. We are experienced in helping both young families and those who may just be joining the workforce prepare solutions for their current needs in a more streamlined and economical manner, while also addressing their most important concerns.