Thursday, January 17, 2019

Common Estate Planning Questions



What are Living Wills?

A living will is a document signed by you that gives specific directions to health care providers and others regarding the care you desire to receive if diagnosed by two physicians to be terminally ill or in a permanent vegetative condition. The care sought for in the document can comprise of anything from full life support to withholding food and water. Should you be placed in the unfavorable situation of being terminally ill or in a permanent coma, the way in which care is given becomes yours rather than a family member’s. Often, a living will is composed in combination with a durable power of attorney. An attorney in Idaho Falls, at Thomsen Holman Wheiler, PLLC, will aid you to know what a living will is, how it works, and what is required to be done.

THW law attorneys are experts with living wills. They will guide you in correctly filing one. Authorizing an attorney in Idaho Falls to assist you with your living will may be very vital to you and your family.

Do I Need an Estate Plan or Will?

Everyone with children and/or assets, really should talk to a legal adviser about an estate plan. Estate planning handles issues surrounding the process of dying and the steps involved in transferring your assets after death. Estate planning covers disability planning, powers of attorney, gifting of assets during your lifetime, charitable contributions, asset allocation, and a number of other issues. Carefully constructed estate plans help you to control your property while you are alive, take care of yourself and loved ones in the event of incapacity, and transfer property to those you love as and when you want those transfers made. It's all about reviewing and securing your personal options. Your estate plan should be reviewed with your legal adviser often to ensure that tax law changes or changes in circumstances have not made your plan less effective.

Get in touch with Thomsen Holman Wheiler, PLLC today to get your will and estate plan filed. THW law attorneys are eager to help you. 

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