Estate Planning FAQs

At Grayson Law, our goal is to make this process as quick and simple as possible for you, but we also want to make sure you have a complete plan that serves your needs. We will work together to explore and address your concerns and craft a plan that best suits your specific circumstances.

A complete plan should include both planning for death with a testamentary document (either a will or a trust) as well as planning for incapacitation with powers of attorney and other power granting documents. These additional documents are just as important as a last will and testament because they ensure your medical and financial wellbeing are cared for if you become physically or mentally unable to care for them yourself. They also serve to reduce the potential legal fees and court costs associated with asking the court for permission to act on your behalf, if you do become incapacitated.

It depends (sorry for the lawyerly response!). For some, a trust is a great way to manage assets and control distributions to your heirs over a predetermined schedule. While for others, a last will and testament is enough fully meet your own, and your family’s needs.

We recommend that you have your estate plan reviewed and evaluated every three to five years, and after any significant life changes (changes to the family dynamic, employment, your health, or buying/selling large assets). Please feel free to reach out to us to review your current estate plan.

A comprehensive estate plan often includes:

• A Will – Directs how your assets are distributed after your passing.
• A Trust – Helps manage assets during your lifetime and after, often avoiding probate.
• Power of Attorney – Appoints someone to handle financial matters if you become incapacitated.
• Healthcare Directive (Living Will) – Specifies your medical wishes if you cannot communicate.
• Beneficiary Designations – Ensures life insurance policies, retirement accounts, and other assets go to the right people.