Essential Estate Planning Services Everyone Should Know About
Planning for the future isn't just wise—it's essential. Whether you're building a family, starting a business, or simply want to protect your legacy, understanding the full scope of estate planning services is crucial. At Beverly Grant Law Firm PS, we believe everyone deserves peace of mind knowing their wishes will be honored and their loved ones provided for.
In this post, we’ll walk you through the most important estate planning services available so you can make informed decisions about your future.
1. Wills: The Foundation of an Estate Plan
A will is one of the most fundamental estate planning documents. It allows you to:
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Designate beneficiaries for your assets
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Appoint guardians for minor children
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Name an executor to carry out your wishes
Without a valid will, the distribution of your estate is left to the state’s default rules, which may not align with your intentions. Drafting a will ensures your voice is heard, even after you're gone.
2. Trusts: More Control, Less Probate
A trust offers a flexible and powerful way to manage and distribute assets during your life and after death. There are various types of trusts, including:
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Revocable living trusts – Allow for easy management and changes during your lifetime
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Irrevocable trusts – Provide asset protection and tax benefits
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Special needs trusts – Support loved ones with disabilities without jeopardizing benefits
Trusts can help avoid probate, maintain privacy, and reduce estate taxes—key benefits that make them a cornerstone of comprehensive estate planning services.
3. Durable Power of Attorney
This document appoints someone you trust to make financial and legal decisions on your behalf if you become incapacitated. It ensures that bills are paid, contracts can be signed, and your affairs are managed without court intervention.
4. Healthcare Directives and Living Wills
When it comes to medical care, it’s important to make your wishes known in advance. A healthcare directive or living will allows you to:
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Specify the types of medical treatment you want (or don’t want)
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Name a healthcare proxy to make decisions if you are unable to do so
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Avoid unwanted interventions and ensure your values are respected
These documents provide clarity and comfort to family members during emotional times.
5. HIPAA Authorization
Without explicit permission, medical professionals may not share your health information—even with your family. A HIPAA authorization allows designated individuals to access your medical records, ensuring informed decisions and smoother communication with healthcare providers.
6. Beneficiary Designations Review
Not all assets pass through a will or trust. Life insurance, retirement accounts, and certain bank accounts often transfer directly to named beneficiaries. Reviewing and updating these designations regularly is a critical (but often overlooked) part of estate planning services.
7. Estate Tax Planning
For individuals with larger estates, minimizing tax exposure is a top priority. Strategic estate tax planning can preserve more of your wealth for your loved ones. Our legal team helps you implement tax-efficient strategies tailored to your specific situation.
Secure Your Legacy with Beverly Grant Law Firm PS
At Beverly Grant Law Firm PS, we specialize in crafting customized estate plans that protect what matters most. From simple wills to complex trusts and medical directives, our estate planning services are designed to provide clarity, control, and peace of mind.
Contact us today to schedule a consultation and start building your legacy with confidence.