Wills & Trusts
Want to avoid the time, expense, and aggravation of probate? A trust can be the answer! Schedule an appointment to discuss whether a Revocable Trust may be beneficial for you and your heirs.
Preparing for death, which can be difficult to think about, is an aspect of life in which you can work to minimize taxes, while providing for your children and other heirs. It’s also wise to make plans for your end-of-life care in the event you are unable to communicate your wishes directly. That way your wishes can be known and followed by those caring for you. Estate planning is not just for those with million-dollar estates. Estate planning is for everyone.
We can help you provide directives for the distribution of your assets, medical decisions, and other financial decisions when you are no longer able to make these decisions yourself.
Durable Powers of Attorney
Select someone to handle your affairs if you are no longer able to make the decisions yourself (coma, Alzheimer’s, or other absence from the area).
Living Wills/Healthcare Directive
Select someone to make medical decisions for you in the event that you are unable to make them yourself and outline your wishes for end of life care.
Wills
Select someone to handle your affairs after you pass away and direct to whom your probate assets should go.
Select Guardians for Minors
Select who will take care of and be in charge of your minor children if neither legal parent is living.
Trusts
Select a Trustee who will manage your assets during your lifetime and provide specific directions as to how to distribute those assets when you die. A Trust can reduce or eliminate estate taxes and/or probate fees, place limitations on when distributions will be made (certain ages or milestones), and provide protection for those with special needs.
You may think you do not need a Will because you own very little, your assets are all held in joint accounts, or have specifically named beneficiaries. However, future assets may be acquired through inheritance, gift, or by winning the lottery. Putting your wishes in writing through a valid Will or Trust helps to ensure that your desires will be known and honored after your death.
If a person dies without a valid Will, Delaware law determines who inherits the estate. That can be problematic if you wanted your class ring to go to your high school sweetheart or a piece of heirloom jewelry to go to a family friend.
Preparing your Will online or via a stationery set through your local office supply store can be equally as problematic. Often those programs are not state law specific. They do not know of any intricacies in Delaware law. Further, they don’t always know all the right questions to ask. Issues needing special attention may include:
- Children with special needs
- Unmarried couples
- Married couples
- Stepchildren
- Family members that do not get along or who can be "difficult"
- Excluding family members from the Will entirely
- Charities
- Spouses of children
- Adopted children
- Providing for minor children
- Providing for pets
Car Law, LLC provides services to individuals and families by drafting basic Wills, Living Wills (also called Healthcare Directives), Power of Attorneys and establishing more complex estate plans. We understand that each of our client’s concerns, needs, and goals are unique. We are responsive to our clients individual situations and take the time to listen carefully. We offer a variety of basic and more complex estate planning tools that can provide you and your family with peace of mind. At our office you will deal directly with an attorney. Have your documents drafted with the confidence of knowing your future needs are met as well.
If you want our office to help with your Estate Planning, please click on the link below to download our Estate Planning Questionnaire. This will help you identify your assets and help you begin to think about how you would like them distributed. Please bring this form to your initial consultation. If married, have each spouse fill out their own form.
don’t wait any longer
Contact Carr Law, LLC Today
Carr Law, LLC is your home for competent and caring legal advice. Our focus is on estate planning (including Wills and Trusts), probate work, and real estate transactions. Our goal is to provide you with all the advice and counsel necessary for your matter, at a fair cost.
- 302-504-8950