York Lawyers Handling Wills, Trusts, and Powers of Attorney
Many people believe that they have an understanding of what a will is and what it does. However, most are surprised to learn that it can do much more than simply divide property. At MPL Law Firm in York, Pennsylvania, we take great care to educate people about wills, trusts, powers of attorney, and other estate planning tools. We guide people through the process of choosing which tools to use in order to create a plan that can achieve their goals.
Do you want to learn more about wills, trusts, powers of attorney, and other estate planning tools? You can trust the lawyers at MPL Law Firm and our more than 30 years of experience. Contact us to schedule an initial consultation.
What Is a Will?
Primarily, a will is a tool that allows a person to give clear instructions about how property is to be divided when they die. However, a will can also allow you to express your wishes on other critical issues, such as appointing a guardian for a child.
Wills are sometimes confused with living wills, which are a different, yet still important, tool. Living wills are designed to provide guidance about what medical decisions are to be made for a person when that person is unable to make their own decisions.
What Is a Trust?
Trusts are extremely flexible. They can accomplish many of the same tasks as a will, or they can be specialized for very unique situations.
With a trust, property is handed over to a trustee. A continuum is created in which an estate can be distributed over time rather than all at once or in almost any fashion you wish. The trust can be uniquely drafted to exist during the creator's life or for it to only take effect upon their death.
What Is a Power of Attorney?
A power of attorney outlines how a person's estate and other affairs will be managed if the person is alive, but unable to make their own decisions due to a medical condition or mental incapacity. Powers of attorney can be broad and grant decision making power to another for many areas of your life or they can be tailored allowing another decision making power in only one aspect of your life, such as medical decisions.
Contact MPL Law Firm, to speak with an experienced York lawyer. We have more than 30 years of experience in all estate matters.
