Our firm has a robust and resourceful trusts and estates practice, which includes drafting trusts, wills, administering trusts and handling probate matters. Our estate planning attorneys are committed to protecting our clients' assets.
At Olins, Riviere, Coates and Bagula we specialize in all aspects of estate planning law including, but not limited to:
Durable Power of Attorney
Advance Health Care Directives
More specifically, as part of your estate plan, Olins, Riviere, Coates and Bagula typically prepares four documents:
1. a revocable trust
2. pour-over will
3. durable power of attorney
4. an advance health care directive
The following is a very brief explanation of each document:
1. Revocable Trust: Essentially, the revocable trust describes exactly how you want your assets distributed at the time of your death. A revocable trust is a valuable tool for two primary reasons. First, if the manner of distributing your assets is clear, then there is less of a chance that probate courts will have to be involved to settle disputes. Second, depending on the size of your estate, you may be able to avoid costly estate taxes.
2. Pour-Over Will: The pour-over will essentially acts as a "catch-all" to make sure all your property (unless specifically stated otherwise) will be distributed through your revocable trust. So, for example, if you were to win the lottery before you died and did not place that money in an account for your trust, the pour-over will requires that money to be distributed pursuant to the terms of your revocable trust.
3. Durable Power of Attorney: A durable power of attorney is a document that allows you to give another person (typically a spouse or trusted relative) the power to act on your behalf (i.e., handle financial affairs, etc.) in the event you are incapacitated.
4. Advance Health Care Directive: The advance health care directive deals with how you want to be treated with respect to end-of-life decisions (for example, do not resuscitate).
Every client is different and Olins, Riviere, Coates and Bagula will tailor its legal services to meet each client's needs. In many cases, Olins, Riviere, Coates and Bagula is able to charge a flat fee to prepare estate plan, thereby saving our clients' money. Moreover, unlike many law firms, Olins, Riviere, Coates and Bagula will assist with transferring clients' property into Revocable Trusts.