Estate Planning
At Mitchell Nachtigal Law, we offer personalized estate planning services to protect your assets, secure your legacy, and provide for your loved ones. Our attorneys are dedicated to guiding you through the intricacies of estate planning, ensuring that your wishes are effectively expressed and legally documented.
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Powers of Attorney
Powers of attorney are legal documents that grant authority to designated individuals, known as agents or attorneys-in-fact, to make decisions on your behalf in specific situations.
A financial power of attorney allows your chosen agent to manage your financial affairs when you are unable to do so yourself. This may include paying bills, managing investments, handling banking transactions, and making other financial decisions on your behalf. It can be tailored to be effective immediately or upon your incapacity, depending on your preferences.
Our attorneys take the time to understand your unique circumstances and goals. They will guide you through the process of creating powers of attorney that align with your specific needs and desires. By carefully selecting trustworthy agents, you can have peace of mind knowing that your financial and healthcare matters will be handled according to your wishes if you are unable to do so yourself.
Medical Power of Attorney
A medical power of lawyer designates someone to make medical decisions on your behalf when you are unable to do so. This individual, often referred to as a healthcare proxy, works with healthcare professionals to ensure your medical wishes are followed and appropriate treatment decisions are made.
Choosing a medical power of attorney is a crucial aspect of securing your future and protecting your loved ones. Whether you are planning for yourself, your family, or your business, our attorneys are here to provide personalized solutions that best suit your individual needs.
Trusts
Estate planning involves creating a comprehensive strategy to manage and distribute your assets and wealth during your lifetime and after your passing. One essential component of estate planning is the establishment of trusts.
A trust is a legal entity that holds assets on behalf of beneficiaries according to your instructions.
There are various types of trusts, each serving specific purposes based on your goals and circumstances:
- Revocable living trust
- Irrevocable trust
- Charitable trust
- Special needs trust
- Testamentary trust
Establishing a trust as part of your estate plan allows for more control over the distribution of your assets, reduces the potential for probate complications, and can provide tax benefits. It also offers privacy, as the details of a trust remain private, unlike those of a will, which becomes a public record after probate.
At Mitchell Nachtigal Law, we can assist you in understanding the various types of trusts and help you determine which one aligns best with your estate planning objectives. By tailoring a trust to suit your unique needs, you can create a lasting legacy and ensure that your assets are managed and distributed according to your wishes while providing for the financial security and well-being of your loved ones.
Individual Wills & Couples’ Wills
At Mitchell Nachtigal Law, we offer personalized services for individual wills and couples’ wills as part of our comprehensive estate planning solutions.
Individual Wills
An individual will is a legal document that outlines how you want your assets to be distributed upon your passing. In your individual will, you can name beneficiaries to receive specific assets, designate guardians for minor children, and appoint an executor to administer your estate. Having an individual will ensure that your wishes are clearly stated and legally binding, making the probate process more straightforward for your loved ones.
Couples’ Wills
Couples’ wills, often referred to as joint wills or mirror wills, are designed for married or committed couples who share similar estate planning goals. These wills are separate legal documents for each spouse but typically mirror each other in terms of distribution and beneficiaries. Couples’ wills are beneficial when spouses want to leave their assets to each other and have similar plans for the distribution of their estates. It allows each spouse to express their wishes while ensuring a cohesive estate plan for the couple as a unit.
By working with our attorneys, you can create individual wills or couples’ wills that reflect your specific desires and protect your loved ones. Our attorneys take the time to understand your unique circumstances, goals, and family dynamics. They will guide you through the estate planning process, ensuring that your Will(s) are legally sound and aligned with your intentions.
Transfer On Death Deeds, Lady Bird Deeds
At Mitchell Nachtigal Law, we offer comprehensive services that include the use of transfer on death deeds and Lady Bird deeds as part of our estate planning solutions.
Transfer On Death Deeds
A transfer on death deed, also known as a beneficiary deed, is a legal instrument that allows you to transfer ownership of real estate property directly to designated beneficiaries upon your passing, without the need for probate. By executing a TOD deed, you retain full control and ownership of the property during your lifetime. Upon your death, the property automatically transfers to the named beneficiaries, bypassing the probate process. This simplifies the transfer of real estate and ensures a seamless and efficient transfer of the property to your chosen beneficiaries.
Lady Bird Deeds
A Lady Bird deed is a special type of deed that combines features of a life estate deed and a remainder interest deed. With a Lady Bird deed, you retain control and ownership of the property during your lifetime and have the right to use, sell, or mortgage the property without requiring the consent of the named beneficiaries. Upon your passing, the property is automatically transferred to the beneficiaries, avoiding probate. This unique feature of a Lady Bird deed allows you to maintain control and flexibility over your property while ensuring a smooth and non-probate transfer to your intended beneficiaries.
Both transfer-on-death deeds and Lady Bird deeds can be valuable tools in estate planning, especially for individuals who wish to avoid probate and streamline the transfer of real estate to their heirs. Our attorneys can guide you through the process of creating these deeds, ensuring they are executed correctly and aligned with your specific goals and intentions.
By incorporating transfer on death deeds or Lady Bird deeds into your estate plan, you can have peace of mind knowing that your assets will be transferred efficiently and according to your wishes, avoiding potential delays and expenses associated with probate. Our attorneys will work closely with you to create a customized estate plan that best suits your needs, ensuring that your loved ones are provided for and your legacy is preserved as you intend.
Contact Us Today
Please don’t hesitate to contact us today to schedule an appointment with a member of our legal team. We are here to provide you with expert guidance and support for all your estate planning needs. Contact us today to learn more.