Portfolios to Suit Your Needs
Estate planning should be a component to every major life milestone, including birth, death, marriage, and divorce. As a person evolves in age, family dynamic, and net worth, comprehensive and consistent estate planning should become a regular part of the financial and retirement planning process. For couples with young children, estate planning is an often-uncomfortable, undeniably-necessary process that can help avoid a multitude of frustration in the wake of family tragedy.
At the Law Office of L. Taylor McPherson, we offer a wide range of estate planning documents from the simple last will and testament to a more elaborate estate planning portfolio. By working with our office, you can expect assistance with any of the following documents:
- Last Will and Testament: This keystone estate planning document directs the disposition of your real and personal property, as well as names an executor to oversee the administration of you estate. A will may also leave specific gifts to certain people, or provide for gifts to charity.
- Medical Power of Attorney: A medical “POA” designates one or several agents to advocate on your behalf with regard to medical decisions in the event you are unable to do so. In the event you reach a point of mental incapacity, a medical power of attorney may be used to supplant the need for a “guardianship of the person.”
- Durable Power of Attorney: A durable “POA” is used to create a principal-agent relationship for purposes of conducting financial and legal affairs, and is extremely integral in avoiding the need for a guardianship of your estate once you have reached the point of incapacity.
- Advance Directives: The advance directive is a document pertaining to end-of-life medical decisions. In essence, it memorializes your wishes with regard to nutrition, hydration, pain management, organ donation, and similar issues that arise once a doctor has deemed you are likely to succumb to your illness or injury.
- Declaration of Guardian: A declaration of guardian is a legal document that must be honored by the probate court in the event you reach a point of incapacity and are in need of a guardian of your person and/or estate. As the name suggests, the document appoints individuals or an institution to serve in this function, rather than requiring next-of-kin to make this difficult decision.
- Power of Attorney for Children: For some couples, a kids’ power of attorney is a necessary component of the estate planning portfolio, as it appoints a relative or close family friend to serve in the role of guardian of their child. The document also allows parents to disqualify certain individuals that are not to serve as guardian under any circumstances.
Other documents, including those relating to burial or funeral planning, may be included in an estate planning package upon client request. Further, our office offers “unbundled” estate planning documents should a client only require a single document and not an entire package.
Let Us Help with Your Estate Planning
At the Law Office of L. Taylor McPherson, we offer a wide range of services, including emergency or bedside estate planning if necessary. For custom client approach, or to discuss changes needed to a current plan, please call 817-502-1144 to get started.