Thank you for considering LeRoy Peterson Law
Many individuals mistakenly believe that Estate Planning is only for the wealthy, but in reality, it involves much more than just distributing assets. At LeRoy Peterson Law, we understand the importance of comprehensive Estate Planning, which includes the following essential elements:
- Medical Decisions: Prepare for the possibility of incapacitation by outlining your medical decisions, including life support preferences and duration.
- Beneficiaries: Determine the beneficiaries of your entire estate, ensuring your assets go to the right individuals or causes.
- Guardians: Nominate preferred legal guardians for your minor children, providing them with a secure future.
Call us today to start your Estate Plan: 402.718.8888
Here’s what you can expect during your visit:
Estate Plans can be a simple or as complex as you need them to be. During the initial consultation (either in-person or virtually) you will share with us your current health and financial situations, family dynamics, and what you desire for your plan. Throughout this discussion, our team can answer your questions and discuss a variety of solutions to meet your needs. This meeting generally take about 45 minutes.
Together we will select the elements that your plan will include, such as Power of Attorneys, Last Will and Testaments, Living Wills, and Trusts.
You will then be presented with an outline of our fee structure and timeline to approve. Once approved, we will begin to create your personalized Estate Plan.
There are no guarantees for tomorrow, so make sure you are prepared today. Proper Estate Planning is the greatest gift you can give your loved ones. Don’t make them navigate your death without a roadmap to follow.
Call us today: 402.718.8888
Together we will prepare your Estate Plan
Selecting a Power of Attorney
The most important thing to do when you begin to get your affairs in order is to select your Power of Attorney. A power of attorney authorizes another person (your agent) to make decisions for you. Your agent act on your behalf when you are not able to act for yourself. You need to select a POA for your financial decisions and your medical directives.
You may select one person to handle everything. Or you can divide the responsibilities and name someone to handle financial decisions and another to direct your health care decisions.
Creating a Last Will & Testament
A Last Will and Testament is a legal document that communicates your final wishes pertaining to assets and dependents. You will name a Personal Representative who will follow these written instructions.
Your Last Will & Testament can be as simple or complex as you’d like. Just make sure you have one. If you pass without a Will, your assets will be divided through an Intestate Probate Proceeding – which can be a lengthy process and may not be how you would want your estate handled.
Understanding Living Wills and Trusts
A Living Will specifies what actions should be taken for your health if you are no longer able to make decisions for yourself because of illness or incapacity. For example, if there is no hope for recovery, would you prefer to be kept alive by artificial means or pass away naturally?
The other documents to consider are Trusts, especially if you plan to leave inheritance to a minor. Trusts provide guidelines on how the minor will have access to your assets.
These documents are not necessary, but many find them beneficial and a key aspect to their Estate Plan. We will work together to create a plan that works best for your situation.