Comprehensive estate planning
People often ask "Do I need a will?" Many assume that they do not have enough assets to justify spending the money to create a will or estate plan. Most clients want to leave their assets to their spouse or children so they think they do not need a will. However, and unfortunately, without any planning, people can leave behind quite the mess for their loved ones, even if their estate is “simple.”
Comprehensive estate planning is more than designating a beneficiary. Tailored estate planning at Blahnik, Prchal & Stoll includes planning for unforeseen circumstances, business succession planning, probate, or any other situation you or your family may encounter. This may include a will, trust, health care directive, power of attorney, real estate deeds, or a combination of those documents.
Whether you are single or married, with or without children, young or elderly, or have large or small estate, everyone can benefit from an estate plan. Our attorneys will listen and create a customized estate plan that meets your specific needs, whether that is a single document or a full trust package.
What is an estate planning package?
Some people come to us knowing exactly what they want and how they want to accomplish it. Most people don’t - and that’s okay! Our staff will take the time to explain to you what each document in your estate plan does, so you can understand what your estate plan does or doesn’t include and you can communicate that information to your loved ones.
Generally, an estate planning package includes a Trust, a Will, a Health Care Directive, a Power of Attorney, and it may include real estate deeds if you own any real estate. Each of these documents can stand alone depending on your wishes and the rest of your estate plan, but they work best when they are all in place because they each serve a different purpose.
Begin planning your estate now
People often put estate planning on the back burner, telling themselves that they will take care of their plan tomorrow, or the next day and eventually it becomes too late. Our firm will help you plan for your future, today. We work with busy clients in mind and provide efficient services concise communication. We seek to minimize costs while offering peace of mind with a practical and comprehensive estate plan. To determine what estate plan best fits you, contact our office and schedule a complimentary initial consultation.
Estate planning is personal and our law firm understands the importance of preserving hard work and leaving behind a legacy. Our attorneys will help you craft an estate plan that matches your wishes and help you understand each and every piece of the plan.
Trusts can be a vehicle to control your assets both during incapacity and after death. Our law firm can assist you in deciding whether the cornerstone of your estate plan should be based in trust.
Wills
A Will is a set of instructions for how you would like your assets distributed and who you would like to be responsible for that. Our law firm can advise on you on which kind of Will should be included in your estate plan.
A Health Care Directive (also known as a Living Will or Durable Power of Attorney for Health Care) is an essential incapacity planning tool and allow you to name a person who can make healthcare decisions for you in the event that you cannot make your own.
A Power of Attorney is often used as another incapacity planning tool. However, it has many more immediate and practical uses. This allows you to name a person who can make decisions about your finances and property in the event that you aren’t able to make those decisions, and has applications to a broad range of situations.
Selling or transferring real estate can be one of the most stressful things for your loved ones to deal with after your passing. Our staff can explain your options to make provisions for your real estate ahead of time.