Estate planning attorney can help you know the roles to allocate in your trusts
An estate planning attorney in Boise and Nampa ID can help you draft your wills and trust for better planning. Designating a successor trustee to oversee your assets after your death is only one aspect of estate planning. Although there may seem to be a lot to consider, we are here to help you navigate the process. We want to make sure that you have a group of individuals who are aware of your needs and available to assist when necessary. And when that moment comes, we want to make everything simple and convenient for them.
Choosing who is most qualified to manage various potential circumstances is a crucial part of building trust. We will work with you to come up with potential candidates for a power of attorney agent, successor trustee, or member of your incapacity panel as you go through the trust creation process. The best candidate for each position may not be the same individual. Let’s examine each type of employment and the duties that go along with it:
Panel for incapacity
This is a group of people with the power to seize control of the finances from your hands if they decide as a group with a majority or unanimity. If they determine that you need someone to handle your financial affairs because you are no longer making wise decisions, they will do so.
Successor trustees
In the event that you are unable to handle your assets independently, successor trustees do so on your behalf. This can happen after your passing or if you become incapable. A single successor trustee with backups is an option, as are several successors who will collaborate on choices.
Healthcare agent
When you are unable to make health decisions for yourself, your healthcare agent can do so on your behalf. There may or may not be an emergency there (such as a car accident or heart attack) (dementia). The doctors will consult with you and rely on the judgment of your top choice. The doctors will speak with your second option if your first pick is unable to participate, and so on.
HIPAA recipients
We always include this crucial stage in our trust arrangements. In the event that you are unable to disclose your medical information directly, we need to make sure that the people you care about have access to it. During the process of designing your trust, we’ll determine who should have access to information. We’ll also make sure that, as part of your plan, those people can speak with the hospital or doctor on your behalf if the need arises.
Work with the best estate planning attorney in Boise and Nampa ID
Estate planning can be challenging, but working with experts can help you manage it. Work with the best estate planning attorney in Boise and Nampa ID for outstanding results.
Jacobson & Jacobson Law Firm, since 1982, is committed to serving the Boise and Nampa, Idaho areas for your top Criminal Defense, Personal Injury, Business Law, Estate Planning, Family Law, Immigration Law, and Litigation needs. Contact us today to get started.