For some individuals, a trust makes more sense than a will. Often they work together but have separate functions. A trust does not have an executor, but instead has a trustee to ensure that the assets listed as transferred to a trust. The trustee can have similar obligations to an executor. Trusts come in several types that can be utilized for different purposes. Trusts can protect your assets from public scrutiny, reduce various taxes, and distribute assets without the intervention of a court. This kind of estate planning requires careful coordination between an attorney well versed in tax and estate planning.
Living wills and powers of attorney can help give you the right to name an agent to make decisions for your health, finances or property when you are unable to do so. Living wills and healthcare power of attorney may seem similar, but have some important differences. Generally, a power of attorney appoints an agent while a living will gives your instructions to a doctor. A power of attorney allows your agent to make all decisions on your healthcare, form every day choices to end of life care. A living will explains your wishes for your end of live care. office can help you draft the appropriate paperwork, depending on what you need.