Living Trusts – Living Trusts are a method of protecting your assets from the Probate process. Living Trusts allow you to distribute your assets either while you are still living, or in the event of your death, for a family member or friend to carry out your wishes. A Living Trust is a revocable document. This means that you can update it, change it, add or subtract to/from it, or destroy it at any point during your lifetime (assuming you are still legally competent to do so).
Wills – Wills are similar to a Living Trust in that a will provides for the distribution of your assets. However, the major differences are that a Will only makes distributions after your death and a Will must still be Probated through the courts. This can be costly and time consuming.
Advance Health Care Directive – An Advance Health Care Directive allows you to name a representative who will work with your doctors to insure that your wishes regarding your medical care are carried out. This can include everything from preferences on what types of treatment be administered (or withheld) to end of life decisions.
Durable Power of Attorney – A Durable Power of Attorney can be used to name representatives to carry out your wishes regarding your finances, businesses, and other aspects of your life in the event that you become incapacitated.
Special Needs Trust – A Special Needs Trust is an irrevocable trust. This means that once the trust is created, it can not be destroyed. This type of trust may be used for a child, parent, loved one, friend, etc. who is in need of special care.
Adult Adoptions – An Adult Adoption may be necessary in cases of step-parents or other individuals in a person’s life who for any number of reasons could not adopt the “child” as a minor. An Adult Adoption allows for a legal relationship between two adults who have a parent-child relationship. This may be significant for matters of inheritance, gifts, life insurance, retirement policies, or any other number of legal and personal events.