Trusts come in many “flavors”. They can be simple or complex, and serve a variety of legal, personal, investment and tax planning purposes. Trusts are designed based on your wishes and desires. They can provide for friends, family, grandchildren, generations not yet born, charities, special needs/disabled individuals, and even pets. Trusts can avoid the probate court, and create a system for asset management if you are incapacitated. Irrevocable trusts are used for seniors who need to protect assets and obtain financial public benefits to help pay for long term care. Special Needs Trusts (also called Supplemental Needs Trusts) are created for disabled beneficiaries who are receiving Medi-Cal and/or SSI, so that those benefits are not lost due to an inheritance. There are trusts to avoid and/or minimize estate tax, trusts for blended families, trusts to hold insurance proceeds, and many more.
An experienced attorney is needed to provide you with the options,
and guide you through the many decisions needed to have a
personalized plan which will ensure YOUR wishes are followed.
The result? Peace of mind for you and your family.
Powers of Attorney
A power of attorney is a legal document giving another person
(the attorney-in-fact) the legal right (powers) to do certain things
for you. What those powers are depends on the terms of the
document. It is very important to have a comprehensive Power
of Attorney that will allow your Agent to properly and legally
handle the many issues and situations that may arise if you are incapacitated.
Health Care Documents (or Advance Directives)
An advance health care directive specifies the type of medical and personal care you would want should you lose the ability to make and communicate your own decisions. Anyone over the age of 18 may execute an advance directive, and this document is legally binding in California. Your advance directive can specify who will make and communicate decisions for you, and it can set out the circumstances under which you would not like your life to be prolonged if, for example, you were in a coma with no reasonable chance of recovery.
A document that goes hand-in-hand with your advance directive is an authorization to your medical providers to allow specified individuals to access your medical information (HIPAA Release). Without this authorization, your doctor may refuse to communicate with your hand-picked decision maker.