What Makes A Thoughtful Will?
Each will is as unique as the individual who creates it. The main goal, however, is similar in that it attempts to smoothly transfer assets to beneficiaries. However, it is also important to address as many foreseeable issues as possible so families and beneficiaries do not need to address the complex paperwork and sometimes-difficult decisions that can be a part of probate and estate administration. If done right, a will can even provide solace to mourning loved ones.
At Gordon & Dennison in Brookville, we have worked with many estate planning clients to draft wills. Clients and their families appreciate our attorneys’ sensitivity, honesty and attention to detail while working on a variety of estate law matters.
Major Issues To Consider
A basic will is a document that addresses the transfer of an estate’s assets. A thoughtful will may also consider the following issues:
- Choosing an executor: The right executor may not be a spouse or family member unless that person has experience handling paperwork and finances. This person should also be comfortable making important decisions.
- Choosing a representative for probate and estate administration: A probate proceeding in the Pennsylvania Court of Common Pleas will often take several months and involve extensive paperwork. An attorney versed in the legal process can offer useful insight and guidance to make sure the process goes smoothly.
- Naming a guardian and trustee: Parents with minors need to consider who best can take care of the children on a day-to-day basis (guardians) as well as an individual who can look after the children’s financial interests (trustee). It may not be the same person.
- Picking a health care proxy: This person oversees important medical decisions if you are incapacitated. This is also known as creating a living will.
- Determining durable power of attorney: This representative makes financial decisions in your best interests if you are incapacitated.
Contact Our Firm To Talk About Your Will
At Gordon & Dennison, we create strategies based on our years of experience and extensive knowledge to best meet or surpass your estate planning objectives. Often, we can do this while avoiding unnecessary expense.
Call our office in Brookville at 814-759-4029 or send us a message using this website. Schedule a consultation with one of our experienced lawyers to find out how we can help you prepare an estate plan that satisfies your needs.