Wills & Trusts

No one enjoys dwelling on their death or the potential for tragedy to strike but preparing for these occurrences is essential. To this end, everyone should have a will or a will and trust pairing in place as a part of their estate plan. Your estate planning documents should also include a durable power of attorney (POA), health care power of attorney (HCPOA), and living will. Collectively, these documents will not only help get your affairs in order for your eventual death, but will also prepare for unforeseen circumstances like your permanent or temporary disability.

Ready for Tomorrow

A well-formed estate plan will ease the administrative burden on your loved-ones, determine who should care for you and your assets while you are living but unable to care for them yourself, specify who should care for your minor children and pets after your death, communicate your

last wishes on where and who you want your assets to go after your passing, and incorporate tax planning into the disposition of your estate.

The lawyers at Skufca Law can help you select the right estate planning documents for your circumstances and ensure that you properly follow all of the legal formalities in creating and executing these documents.

Understanding Wills vs. Trusts

Wills and trusts are the primary estate planning instruments used today. A will states where your assets are distributed at the time of your death, while a trust designates a legal arrangement with a trustee to oversee the distribution of assets to your beneficiaries.

Every estate plan should include a will. In some circumstances, an estate plan should include a trust as well. We can work with you and your financial planner to determine which path is right for you.