You have worked hard to provide a better life for your family. When you pass away, you want your family and loved ones to receive the benefit of your hard work. Wills, trusts and other estate planning tools can help you achieve your goals. At Hudson and Associates, LLP our lawyers have experience in setting up wills, trusts, and power of attorney involving healthcare issues. We will provide assistance drafting a will, drafting and reviewing revocable and irrevocable trusts, handling health care issues, and providing healthcare legal assistance and advice.
Do I Need a Will?
Many people think that they are too young to start thinking about estate planning tools like wills and trusts. Some people think that estate planning is only for the elderly and well-to-do.
At Hudson & Associates, we encourage people to think differently. We believe strongly that estate planning is not merely for the rich and elderly. Any person who has accumulated assets in his or her life should have, at a bare minimum, a last will and testament and other basic estate planning documents.
Hudson and Associates helps people of all incomes with estate planning services. Whether you need basic estate planning or more sophisticated planning for a larger estate, we have the experience and legal know-how required to meet your needs.
It is estimated that roughly 2/3 or 67% of all Americans do not have a will. As a result, the estates will certainly be given to certain individuals or even the government unintentionally. And those assets may be used for purposes completely out of scope with the intentions of the person who passed away. A properly executed will can ensure that the right people in your life will get the assets or funds in the way in which you specifically spell out in your will.
Property and assets are owned by many types of legal entities — individuals, partnerships, corporations and trusts. A trust is just a separate paper entity that is established by a property owner to leave assets to his or her beneficiaries. A trust is simply a “contract” between the property owner and the trustee. There are many types of trusts in use. They are used for various reasons to achieve different goals. The role of your estate planning attorney is to determine what kind of trust is needed to achieve your desired goals.