When you have money, property, or other valuables that you want to be given to family members or friends in case something happens to you, it’s never too early to plan a will to make sure that everything goes according to your plan. If you have young children, you may want to look into guardianship documents and trusts as well. A good idea is to talk your plans over with a lawyer who works with estate planning so that they can help make sure all of your thoughts are organized and the will is legally sound. Some of the types of Estate Planning Honolulu HI lawyers will help you with include wills, living wills, trusts, and guardianship documents.
Wills are created so that everything of value that you have will be distributed as you see fit. In general, you can leave whatever you would like to whomever, so long as your debts are covered. This can include finances, homes, cars, jewelry, paintings, or anything else.
Living wills are to dictate what you want to happen should you be in a vegetative state in the hospital. Because this is a highly fought over problem when your family and friends don’t know exactly what you want, a living will can be created so that there is no question over your choices.
Trusts are financial accounts, generally for minors, in the case of something happening to you. Instead of the entire cash amount being given to them, however, you can have it set up so that they get the money at a certain age or that they get a certain dollar amount each month until the money is depleted.
Guardianship documents can be included in a will, and they are for people who have minor children. These papers say who you want to be the guardian to your children if anything happens to you and you are no longer able to care for them.
While these can be straightforward documents, many times you will want to Visit the website of a lawyer to set up a consultation. Lawyers who do the Estate Planning Honolulu HI residents depend on can ensure that your documents follow the law exactly so they cannot be contested after you have passed. In this way, you can make sure that everything is done the way you want it and you won’t have to worry about anyone contesting your will.
