A testamentary trust is a trust that goes into effect and is typically created within an individual’s Last Will and Testament. This type of trust may include all or a portion of an individual’s estate. This is an effective tool for creating a trust for minors to ensure that one’s inheritance is properly handled.
Devising a strategic estate plan not only an ongoing process, but a process with frequent changes to tax laws and frequent changes in the lives of most people and their families. Carpenter, Harris & Flayhart can quickly and efficiently prepare wills of all types, from basic wills to a family trust will used most often when minor children are involved. Additionally, our attorneys can draft a Marital Deduction Trust or a Bypass Will when the federal estate tax is a concern.
Our trusted attorneys can help clients plan in advance for the unfortunate possibility that they may experience future issues or find themselves unable to properly handle finances. A well-drafted power-of-attorney allows an individual to appoint a trusted family member, friend, or professional adviser who can assist in managing one’s financial affairs in the even of a temporary disability or as capacity declines with aging.
Health Care Powers-of-Attorney
Our attorneys can capably prepare power-of-attorney documents allowing the appointment of a trusted person to make health and care decisions for you if your are unable not make such decisions or communicate for yourself.
Advanced Health Care Declarations
We have all heard of unfortunate situations where someone who has suffered a traumatic brain injury has been kept alive artificially, even though there was little hope of recovery. An advance health care declaration or living will can ensure that one’s end-of-life care wishes are properly carried out if he or she is terminally ill, unable to speak for oneself, or permanently unconscious.
Contact a prepared and trusted Jersey Shore, PA will, trust, and estate planning attorney at Carpenter, Harris, & Flayhart to arrange your strategy.