Resources

Wills
A Will determines who receives a person’s property at death. Recipients of the property are called beneficiaries. A Will is used to name an estate representative, appoint a guardian to care for minor children, and determine how and when property is transferred to beneficiaries.

Trusts
This flexible planning tool can be used for a variety of purposes. One purpose is to transfer property without the need for a probate. Another purpose is to give discretion to provide for several family members or different generations of family members by delaying the distribution of your property. More sophisticated trusts can help reduce estate and generation skipping tax liability. Although trusts can be extremely useful, they are not necessary for everyone.

Call Donohue Green Law Office for a consultation. Margaret D. Green will help you decide if a trust can help you achieve your estate planning goals.

Health Care Directive
Also known as a Living Will, a health care directive is one of the most important estate planning tools. It allows an individual to name someone who will make health care decisions. The health care directive is only effective when a person cannot communicate his or her wishes to the health care provider. Health care directives guide the health care agent in making important and sometimes difficult decision regarding medical care.

Powers of Attorney
Naming an “Agent” or “Attorney in fact” can be a significant estate planning tool. Once the power of attorney is signed, the attorney in fact can handle financial matters for another individual (the principal). In many cases, the authority of an Attorney in Fact is limited either to specific transactions or situations where the principal is unable to act. 

Complex Tax Planning
Donohue Green Law Office provides a thorough analysis of a client’s estate planning needs. If reducing estate tax liability is a priority, Margaret D. Green’s competent and trusted advice will help achieve the client’s estate planning goals.