At the Law Office of George K. Fuiaxis, we advise our clients in the preparation of their estate. We prepare:
- Powers Of Attorney
- Living Wills
- Health Care Proxies
- Life Estates
- Revocable And Irrevocable Trusts
- Provide Tax Planning
- Assist With The Probate And Administration Of Estate Proceedings
A will is a legal document that provides instructions about the division of one's assets upon death. A will allows you to designate who will take care of your minor children, who will inherit your property and assets, and who will manage your affairs upon your death. For most individuals, a will is probably the most important document they will execute in their lifetime. Individuals may also require tax planning in addition to a will. Once you are deceased, legal probate proceedings are required to administer your estate and transfer your assets according to the terms of your will, or if there is no will, according to intestate laws. Administration of your estate will require the gathering of your assets, paying debts, paying any taxes related to death and distributing the assets according to the terms of your will, or if there is no will, according to intestate laws.
A trust can be a part of the will which takes effect upon your death or it can be a living trust, which allows you to manage your property before you die. A living trust allows for someone to manage your assets and may expedite the distribution of your assets when you are deceased and may keep the assets from going through probate or administration.