Estate Planning with Goyette, Ruano & Thompson
Planning for your estate can take a huge burden off you and your family in the event of your death or incapacitation. At GRT we appreciate that this is a crucial step and we want to ensure that your goals are met for your family and community. We can offer expertise in several different areas of estate planning law and tailor solutions based on your specific needs
Last Will and Testament
A Last Will and Testament express your wishes about the disposition of your property after your death. Having a valid will allows you to choose who receives your property when you die, to name legal guardians for minor children, to choose who manages your estate (“executor”), and to speed up the probate process for your heirs. If you die without having a will, a probate court will distribute your property according to state law rules. An estate planning law firm such as Goyette, Ruano & Thompson can help ensure that your Last Will and Testament protects your loved ones while easing the process of probate.
We specialize in all types of trust law including Revocable Trust, Testamentary Trust and Joint Trusts and more. A trust is a fiduciary arrangement that allows a third party (“trustee”) to hold and manage your assets for the benefit of one or more individuals (“beneficiaries”). Trusts allow you, for example, to control how and when your assets are distributed, to minimize estate taxes, and to provide for minor children.
A Revocable Trust is a trust in which you, as the settlor, reserve the right to change or terminate the trust during your life. It also allows you to name yourself as trustee, thus maintaining control over the trust assets. In contrast, in an irrevocable trust, you cannot change or dissolve the trust after it is legally executed.
The terms of a Testamentary Trust are described in your will and go into effect only when you die. One common reason for establishing a Testamentary Trust is to provide for minor children.
A Joint Trust is a type of revocable trust shared by two people, usually married couples. When the couple wants the surviving spouse to inherit all assets, setting up a joint trust is often a less complicated choice than creating separate trusts.
Trusts are flexible instruments that meet many goals of estate planners. For advice on choosing the right trust for your goals, consult with a Sacramento estate planning attorney at Goyette, Ruano & Thompson.
Durable General Power of Attorney
A Power of Attorney grants someone the authority to act as your agent to make financial decisions for you. Power of Attorney documents in Sacramento often provide various powers for your agent to act on your behalf in financial situations, including, housing leases, power to deal in real estate transactions, and pay your bills.
Advanced Health Care Directive
An Advanced Health Care Directive designates an agent to make healthcare decisions for you when you are unable to make them yourself. It includes your wishes concerning end-of-life-care, treatment of irreversible conditions, and resuscitation orders, among other conditions.
Contact the Goyette, Ruano & Thompson, Inc. estate planning team today for your free consultation. They can be reached via email at email@example.com and via phone at (916) 851-1900.