Tomassi Law Associates, LLC is a full service Estate Planning Law Practice servicing clients throughout RI. We offer free consultations in your home or in one of our three convenient office locations in Wakefield, Warwick and North Providence.
Most people tend to put off planning their estate. They think that just because they are young and healthy, there is no reason to plan their estate. Estate planning is not only responsible, it is one of the most generous gifts you can give to your family.
With all of the areas covered in estate planning, it is important to have a knowledgeable attorney that can answer all of your questions and make sure your family wonât have to worry about what to do if you are unable to make decisions for them.
Do you need an attorney for estate planning matters? If you plan to leave a substantial amount of assets to your heirs (and not Uncle Sam), have complicated plans for how you wish to divide your assets, need to plan for the care of a minor child or disabled heir, think your will may cause conflict among family members and may be contested, or plan to contest a will yourself, then you would be wise to talk to a wills and trusts (also known as estate planning) lawyer.
A living will makes sure that your wishes are carried out when you are unable to express them. By having a living will that explains what to do in different medical situations, your family will not have to worry about making these tough decisions.
It is important to use an attorney that is familiar with state laws regarding living wills to make sure that yours is not contested and that your wishes are carried out exactly as you want them to be.
Power Of Attorney
A power of attorney is a document that allows you to appoint a person or organization to handle your affairs while youâre unavailable or unable to do so.
To make sure that your power of attorney is drafted correctly and within the laws of the state of Rhode Island you should speak with an attorney who has estate planning experience.
Revocable and Irrevocable Living Trusts
As an alternative to using a will as your primary document for transferring property at your death, you can transfer all or some of your assets into a living trust that you create during your lifetime. At the time of your death, these assets are distributed according to the trust provisions, not by the provisions of your will. A living trust is both an intervivos trust and a revocable trust.
You should hire an experienced estate planning attorney to help explain trust structure and assist you in setting up your living trust correctly.