Every estate plan should start with a will. Wills are not just for the elderly and people with well-endowed estates. There are benefits to having a will for people of any age and income level. Having a will is the best way to express your wishes regarding what will happen after your death.
The layers at David F. Anderson, P.A. can help you decided if a simple will will suffice to transfer your assists, or if your assets should be held in a trust and have a pour-over will as a backup. A simple will is better for a smaller estate, while a trust and pour-over will is best for a larger estate, especially if real estate is involved. A pour-over will direct assets outside of your trust to pour into the trust and be allocated with the trust's decisions.
We will make sure that you understand the legal consequences of you decisions, and that you understand how your will can benefit your family after your passing.
Not only will we be there for you to initially draft and revise your will, we will also represent you and your family during probate. Probate is the formal procedure of administering an estate according to a will. We want to make sure that your will is carried out exactly in the way that you request with as little disputation as possible.
There is also the matter of a living will. A will states your requests concerning the distribution of your assets and the care of your children following your passing. A living will, also known as a health care directive, offers direction regarding your medical care if you become incapacitated. Both are important in expressing your wishes for your estate, and David F. Anderson, P.A. can help you to draft both documents.