Wills, Powers of Attorney, and Trusts
It is important for all people over the age of 18 with the requisite mental capacity to make a will and powers of attorney. Why is this so important? So long as you have the mental capacity to do so, you should have a say in what happens to your assets, your real property, your sentimental personal effects, your business you have worked so hard to build; you should be able to choose who takes care of your minor children if something happens to you, who administers your estate, who manages your money and makes your personal care decisions if you become incapable of doing so; and you should be able to express your wishes about where you want to live, and whether you want life-sustaining treatment in certain situations or not. In addition to all of these reasons, making a will and powers of attorney alleviates a huge burden from your loved ones by removing the guess work for them regarding your wishes and by simplifying the estate administration process during a time when they are already under stress because of your incapacity or grieving because of your death.
Wills, powers of attorney, and trusts can include: