Planning For The Future

Planning For The Future

There is no right time to make a will. You may feel the need when you have your first child, when you retire or when someone close to you passes away. Crafting a plan that meets your needs requires an estate planning lawyer with detailed legal knowledge, who will provide you with personalized attention.

The Law Offices of James T. Marasco has been working with Rhode Islanders from Providence to Narragansett for more than 30 years. Our estate planning lawyers have an in-depth understanding of estate law practices, which we apply to you in a way that builds the best benefit for you and your family. The goal is to protect your assets for the future. An estate planning lawyer will help you do it.

What Does A Will Do, And Who Needs One?

A will is a document that helps clarify your wishes for what will happen to your estate after your death. Wills are not just for wealthy individuals or for older people. If you have children, for example, a will can provide guidance about who will take care of them should something happen to you. In short, a will can greatly reduce the stress on your surviving family and help prevent conflicts about should happen to the dependents and estate you leave behind when you pass away.

Parts Of An Estate Plan

A will important, but is just is one aspect of a fully realized estate plan. A well-constructed estate plan will include your decisions on:

  • Your wealth: There are complicated tax laws in play with this, so our estate planning lawyer will work with you to fully understand your needs and build a strategy to meet them. This will include a discussion on the differences between wills and trusts.
  • Your health: Your health and quality of life as you age is something you should take an active hand in guiding. You may consider appointing someone you trust with durable power of attorney or possibly consider writing a living will.

The right estate plan for you will cover these issues and in the same actions, give comfort and guidance for the people you leave behind.

Choosing who to trust with your decisions and welfare when you can no longer choose for yourself is a difficult decision. It requires giving up control. It requires having in faith in another. The Law Offices of James T. Marasco wants to provide you with all the information you will need according to Rhode Island law to make the right choice. Below are few answers to the questions we get most frequently about powers of attorney.

Questions About Powers Of Attorney

What Are Powers Of Attorney?

Power of attorney is a legal designation for an agent that can make decisions for a person, called the principal. When a person has power of attorney, their decisions on behalf of the principal are legally the decisions of the person. That means if you are unable to decide on what your treatment should be, your representative can.

Are A Living Will And Powers Of Attorney The Same Thing?

A living will is a form of advanced health care directive outlining how you should be cared for in the case you are incapacitated. It includes Do Not Resuscitate orders, as well as other direction for your care. A person with power of attorney can make these decisions without this document.

Is This Only For Medical Decisions?

No. Powers of attorney may also extend to financial decisions. This can be a completely different agent in this case. You have the option to designate one person to care for your health and another to care for your finances.

Can I Change My Powers Of Attorney Representative?

To a certain point, yes. However, if you become incapacitated it may be difficult to change your representative.

Estate planning is in large part about settling issues now so that they do not become problems for your family later. When a family loses someone and does not have a will or outlined wishes as guidance, it leaves a void that is filled by familial strife or government intervention through the probate process. Contact us today at 401-421-7500 or by using this online form to find out how our firm will help you secure your family's future.

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