A Will Reflects Your Wishes For Those You Love
It is a long-unanswered puzzle how people can work so hard to provide for their loved ones and save for the future, yet take few steps — or none at all — to make sure their assets are treated according to their wishes when they die. It is estimated that nearly half of Americans over 55 do not have a will. If you have any amount of assets at all and you have loved ones, you should have a will.
At Christopher D. Mecca, Attorney at Law, we help remedy this situation by creating comprehensive wills or updating existing ones. Every will should have these essential components:
- Instructions for how you wish your assets be distributed upon your death
- Durable powers of attorney designating one or more trusted people who can make important decisions regarding finances and medical care if you are unable to make them yourself
- An advance directive that provides instructions regarding your wishes for end-of-life care
Estate Plans Are For People From All Walks Of Life
Many adults mistakenly view wills and estate planning in general as something that either very wealthy individuals must be concerned about or people who are much older. Neither is the case. We will say it again: If you have amassed any amount of assets and you have loved ones in your life, you should have a will.
A person who dies without a will is said to have died intestate. The Oregon laws of intestate succession will dictate how your assets are distributed. This may or may not follow your own wishes. Wouldn’t you rather have full control over these important matters?
Another important component of a will for parents is the designation of a guardian for all minor children. If something happens to you and your child’s other parent, you want someone who you trust and select to assume legal guardianship of your children. Your will can help make that happen.
In many ways, creating or updating a will is an expression of love for those you care for most. When we finish helping you create a will, it will reflect your life and your wishes for those you love.
Trusts Can Accomplish Many Objectives
Trusts are estate planning tools that accomplish specific goals, such as:
- Avoiding or minimizing estate taxes
- Avoiding probate
- Passing assets to children from a previous marriage
- Supplementing the care of a special needs child
Attorney Christopher D. Mecca has extensive experience establishing trusts that are tailored to the unique objectives of his clients. Not every estate plan requires a trust. Christopher will discuss your goals and help you understand when a trust may make sense.
The estate planning process is loaded with jargon. We take the time to explain everything in a manner that is easily understood. You will walk out of our office with a full understanding of what your will and other estate planning components accomplish. Our firm provides a level of personal service that is unmatched, and has done so for more than 40 years.