ESTATE PLANNING

Estate planning is an important consideration regardless of your stage in life. Our firm offers comprehensive estate planning services to meet virtually any need, whether you want a simple will or you have a complex estate to protect.

Last Will & Testament

A will is a document that provides instructions for the distribution of your assets after your death. This ensures your property and belongings are allocated according to your wishes. A will may also be used to name a guardian for minor children. We can help you draft a new will or make modifications to an existing will as needed.

Revocable Inter Vivos Trusts

A trust is a legal arrangement that holds property for the benefit of named heirs. A revocable inter vivos trust, also known as a living trust, allows you to manage your assets during your lifetime and specify how they should be distributed after your death. One of the primary benefits of a revocable trust is the ability to avoid probate, which can be a lengthy and costly process. By placing your assets in a trust, they can be transferred directly to your beneficiaries without the need for court intervention. Additionally, a revocable trust offers flexibility, as you can alter or revoke the trust at any time during your lifetime.

NFA Approved Gun Trusts

A gun trust is a legal entity that allows you to own and transfer firearms regulated by the National Firearms Act (NFA). This specialized trust helps ensure compliance with federal laws, simplifies the transfer process of NFA items, and allows for multiple trustees to lawfully possess and use the firearms. We can assist you in setting up a gun trust that meets all legal requirements.

Powers of Attorney

A power of attorney is a directive that allows another person to make legal, medical, and/or financial decisions on your behalf if you become unable to do so. Our firm can help you decide on the best way to use these estate planning tools, including:

• Medical Power of Attorney: Appoint someone to make healthcare decisions on your behalf.
• Durable Power of Attorney: Grant someone authority to manage your financial affairs.

Directive to Physicians

Also known as a Living Will, this document will outline your wishes with regard to future medical care. These directives are used to make decisions in the event that you are incapacitated, providing clear instructions on treatments you would or would not like to receive.

Most estate plans will include a combination of the tools above. To get started with the estate planning process, please contact Efron & Efron today.