Did you know, 44% of Americans do not have a will, although 60% think having a will is necessary. Another 13% believe their surviving spouse or children will receive any remaining assets, which isn’t always the case.
Your will is a legal document by which you designate the people who will receive your assets after you pass away. The experienced Wills and Estate Planning Attorneys at Hourigan, Kluger & Quinn can help you prepare your will and other estate planning documents so that all of your wishes are upheld, including the appointment of legal guardians for your minor or incapacitated children. A legal will can prevent your property from being distributed according to the provisions of state law. A will does not override a beneficiary designation under a life insurance policy, retirement plan, or a joint form of ownership. Our Estate Planning Attorneys can help you determine if a will is sufficient for your needs. If you have a will, it is also important to review it periodically to make sure it’s accurate and up to date.
In addition to preparing a standard will, the estate planning lawyers at Hourigan, Kluger & Quinn can help you draft a living will that will guide your family in making health-care decisions if you become incapacitated. Living wills, often called health-care directives, are documents that instruct health-care providers about the conditions under which you do not want to be artificially sustained by life support. A living will is an important device to protect yourself and ensure that your wishes are carried out, and a properly executed living will prevents a contest between family members. If you do not have a living will, decisions regarding your health care are left to family members, and often they cannot agree or are in conflict about your wishes. A living will ensures that your wishes are respected and will be followed. We also draft a medical power of attorney, which are important based upon the HIPAA laws and grant your designee the power to make medical decisions on your behalf and handle your medical affairs and communicate with your health care professionals.