The team at Chae Law PLLC recognizes that there is no “one-size-fits-all” approach to estate planning. And this is because everyone’s life circumstances, needs and goals are different. We will take the time to talk to you and listen and learn about your financial goals and personal values. We will then be better able to advise and assist you in recommending the best strategies that meet your needs.
Wills: A Last Will and Testament is the foundation of your basic estate plan. This document will name your personal representative and provide instructions as to where your property should go.
Living Wills: A Living Will is a document detailing your desires and wishes regarding what should happen in regards to your medical treatment in circumstances where you may not be able to express informed consent. This document is also called a Health Care directive.
Health Care Power of Attorney: A Health Care Power of Attorney allows you to appoint another person who can make medical decisions on your behalf, pursuant to a health care directive, in the event you cannot make them for yourself.
Financial Power of Attorney: A Financial Power of Attorney allows you to appoint another person who can make financial decisions on your behalf, in the event you cannot make them for yourself.
Trust: A living trust or revocable trust is a document that can be used to protect your assets and to allocate them to your chosen beneficiaries. A trust will help avoid probate. There are many different types of trusts and we will work with you in determining whether a trust is appropriate for your needs and circumstances.
Tax Planning: As part of your estate planning, it may be important to consider tax implication and strategies to reduce tax liabilities.