Estate Planning attorneys provide advice and draw up a number of different documents that are needed by someone to provide an efficient way of passing real and personal property on to beneficiaries. Though it is a grave subject, planning for the future of your property and estate after your death is important to ensure that it smoothly transfers to your loved ones. The most commonly used documents that individuals contact attorneys for are living trusts, wills, powers of attorney and healthcare directives. A competent lawyer can and should explain the advantages and deficiencies of wills and trusts. Attorney Daniel Potucek can discuss these options with you to determine the best route for you to take. Daniel has the experience necessary to create an accurate will or trust so that you have the assurance that your property will be taken care of in the manner you wish.

What is a will?

A last will and testament should be clearly drafted to state how a person wishes to distribute his or her property upon death. Property can be divided equally among a number of people, given all to one person, or given to a charity. An executor is generally named in the will as the person responsible for determining all assets and debts after the death of the person who wrote the will (the testator). In addition, the executor will pay all debts and taxes due, as well as distribute assets and personal property according to the wishes of the deceased.

If a person dies without a will, matters can get complicated and expensive. This means that the estate will be distributed according to the intestate laws of the state in which the decedent lived.

A Power of Attorney for Property and Financial Matters is designed to take care of financial and other matters. The appointment of an Agent in a Power of Attorney for Financial Matters will give a person of your choice the right to act in your behalf if you become incapable of handling your financial affairs. A Health Care Directive handles health care matters. If you have minor children, you can appoint someone to be guardian of your minor children in case of a mother and father’s death.

If you have not drawn up a will before you die, this situation is a great disservice to your family. They have no guidelines or direction and often end up in arguments and emotional squabbles that can go on for years. In addition, not having either a will or a living trust will send the settlement of your estate into court, which can be a long and expensive process.

Last Will and Testament in Henderson and Las Vegas

All adults should have a last will and testament. It is especially important for parents of children to have a last will and testament. A last will and testament drafted by an attorney will clearly state how an individual wishes to distribute their property upon their death. It is common for wills to divide property equally, or proportionally to spouses, children, or charity. Your will also names the executor of your will upon your passing. This person will be responsible for accounting for all debts and assets. The executor will also be responsible for paying all the debts and any taxes due, out of your estate. Finally, the Executor will be responsible for the distribution of assets and personal property according to your wishes as stated in your Last Will and Testament.

In addition, in your Last Will and Testament, your attorney will name the person who should become your guardian if you become incapacitated and unable to manage your financial affairs. You may also name a person who will be responsible for making medical decisions on your behalf, in a Health Care Directive. Furthermore, you may name the person you wish to become the guardian of any minor children, should you pass away before they reach adulthood.

Irrespective of the value of your estate, leaving a Last Will and Testament will help your Heirs and Beneficiaries to avoid prolonged legal proceedings, as the state will take control of the division of assets and payments of death. Filing a Last Will and Testament with a reputable trust and wills attorney can help your family to avoid stress, internal conflict, and a drawn-out legal proceeding.

The Law Offices of Daniel Potucek will help you to draft your Last Will and Testament in Henderson and Las Vegas to ensure that your wishes are honored after your passing. Our attorneys have yeats of experience working with families to ensure that Heirs and Beneficiaries receive your property, per your wishes.

To create a Last Will and Testament in Henderson or Las Vegas, contact the experienced Probate, Wills, and Trust attorneys at The Law Offices of Daniel Potucek today by calling 702.558-3400.