Making Estate Planning an Essential Step in Your Life
Estate planning is vitally important whether you possess a significant amount of assets or have an average size estate. You should possess at least a basic will, power of attorney and health care directive in order to provide you and your family with peace of mind. Our legal team will help you map out where you want to be in the future. Additionally, if your estate is comprised of significant or diverse assets, we will help you establish an estate plan tailored to your particular needs.
- Wills: A will is a legal document that expresses a person’s wishes as to how they would like his or her property handled upon death. It designates a person who is in charge of managing the estate until the final distribution.
- Power of Attorney: This is a legal document is a written authorization for another person to represent or act on your behalf in legal matters.
- Health Care Directive: A health care directive is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacitation.
- Trusts: A relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries.
- Estate and Trust Administration: Proper trust or estate administration involves collecting assets, ensuring that all necessary income and estate taxes are filed, and providing comprehensive accountings to estate and trust beneficiaries.
- Estate Litigation: From voided wills to looted estates, from accounting disputes to disagreements over the sale of assets, an estate litigation attorney can represent either the estate itself or beneficiaries in the event of a contested will, contested trust and/or allegations of wrongdoing.
- Guardianship: This is a legal process appointing a 'competent adult' (guardian) to be responsible for the care, custody and control for a 'vulnerable or incapacitated person' often referred to as a (ward).
- Conservatorship: Conservatorship is a legal concept in the United States of America. A guardian or a protector is appointed by a judge to manage the financial affairs and/or daily life of another due to physical or mental limitations, or old age. ... They are governed by the state's individual laws.
Our team is committed to ensuring that your estate is set up exactly how you wish to ensure your loved ones are not left not knowing how to proceed. To schedule a consultation regarding an estate planning matter, call Boppre Law Firm, PLLC, in Minot today at 701-852-5224, or contact us through our online form.