Many people try to avoid thinking about death. The subject can be morbid, but it is important to address what will happen to your loved ones after you pass away. The decisions you make today can greatly affect what happens to your friends and family tomorrow.
That is why you may wish to establish a will, trust and living trust. These legal documents can ensure that your loved ones will be taken care of after you die. The team at Cook & Associates has over six decades of combined experience creating estate plans involving wills, trusts and living trusts. If you want to ensure that your assets and property go to the people you love, we can help you today.
Even if you are not a senior citizen, you still need a will. Every adult should have one: A will is crucial to let the state know how to distribute your assets and property following your death. Parents of whatever age should have a will to name both the guardian of minor children and the adult you select to handle their money, the trustee.
In addition, a living will gives your loved ones and doctors the power to make important medical decisions on your behalf in the event that you are incapacitated. Without these documents, your loved ones may not inherit the assets you would like to give them, and doctors may not know the course of treatment you would want them to administer.
Trusts are crucial for asset protection. They can help you preserve your wealth and pass it to your preferred beneficiaries. In some cases, trusts can also prevent your assets from going through probate. Just a few types of trusts that our estate planning attorneys can help you establish are:
Revocable living trusts
Irrevocable living trusts
Special needs trusts
Protect your loved ones — and yourself — by creating a will and establishing a trust. Contact the experienced estate planning lawyers at Cook & Associates in Pittsburgh today. Call us at 412-837-8389. You can also use our online contact form to schedule your free consultation.