Estate Planning Attorney Details Essential Documents for Aging and End-of-Life Concerns | Law Firm Newswire

Estate Planning Attorney Details Essential Documents for Aging and End-of-Life Concerns

Hook Law Center (formerly Oast & Hook)

Hook Law Center (formerly Oast & Hook)

Virginia Beach, VA (Law Firm Newswire) February 12, 2015 – According to Andrew H. Hook, a Virginia estate planning attorney with Hook Law Center, having estate planning documents in place can help prevent problems from occurring as a person ages and after they pass away.

“The goal of estate planning is to make sure that your wishes are followed if you become incapacitated or after your death,” said Hook. “A will, trust, power of attorney and advance health care directive are all important to have in place.”

Hook said that a will is perhaps the most essential estate planning document. A will outlines who will receive which of a person's assets after he or she dies.

A will should still be written even if a trust is also created. Placing assets in a trust allows them to be distributed without going through probate. Hook explained, “Probate is expensive, it can take months and it’s a public process. Many families prefer the speed and privacy provided by trusts.”

“During estate planning, you also need to think about what will happen if you are too sick to make decisions on your own. Bills still need to be paid, and medical decisions must be made,” said Hook. A financial power of attorney gives a trusted individual the ability to handle financial matters if a person becomes incapacitated. An advance health care directive appoints an agent to make health decisions, and it provides an opportunity to outline wishes about issues like resuscitation, intubation and organ donation.

Finally, Hook emphasized the importance of having these documents created by an estate planning attorney. While some websites or programs promise to produce documents at a low cost, these can often create more trouble in the long run. They may not be individualized to the client’s specific situation, and they may not meet state law requirements.

Hook Law Center
295 Bendix Road, Suite 170
Virginia Beach, Virginia 23452-1294
Phone: 757-399-7506
Fax: 757-397-1267

SUFFOLK
5806 Harbour View Blvd.
Suite 203
Suffolk VA 23435
Phone: 757-399-7506
Fax: 757-397-1267
http://www.hooklawcenter.com/

  • Year-End Planning For 2020
    <p>As of the November 23rd letter from the Administrator of the U.S. General Services Administration to President-Elect Joe Biden allowing the start of the presidential transition, the 2020 Presidential election is (mostly) decided in favor of President-Elect Biden.  This article will address what this transition may mean for your tax, financial and estate planning and [...]</p>
    <p><a class="btn btn-secondary bravehart-read-more-link" href="http://www.hooklawcenter.com/2020/11/24/year-end-planning-for-2020/">Read More...</a></p>
    <p>The post <a href="http://www.hooklawcenter.com/2020/11/24/year-end-planning-for-2020/" target="_blank">Year-End Planning For 2020</a> first appeared on <a href="http://www.hooklawcenter.com/" target="_blank">Hook Law Center</a>.</p>
  • A Letter to Our Clients: 2020 Year-End Planning
    <p>Dear Client: I am writing to you as we reach the end of this extraordinary and difficult year. Although the year is nearing an end, the events we have experienced undoubtedly will have an effect well into the future.  Naturally, the most significant impact is the human toll of the pandemic, and the lingering effects [...]</p>
    <p><a class="btn btn-secondary bravehart-read-more-link" href="http://www.hooklawcenter.com/2020/11/23/a-letter-to-our-clients-2020-year-end-planning/">Read More...</a></p>
    <p>The post <a href="http://www.hooklawcenter.com/2020/11/23/a-letter-to-our-clients-2020-year-end-planning/" target="_blank">A Letter to Our Clients: 2020 Year-End Planning</a> first appeared on <a href="http://www.hooklawcenter.com/" target="_blank">Hook Law Center</a>.</p>
  • Dying of Loneliness: The Paradox of Covid-19
    <p>Even before the pandemic, social isolation and loneliness were considered serious health risks for older Americans because they are more likely to face factors such as living alone, the loss of family and friends, chronic illness, and hearing loss. This social isolation can make seniors more vulnerable to things such as financial abuse, loneliness, and [...]</p>
    <p><a class="btn btn-secondary bravehart-read-more-link" href="http://www.hooklawcenter.com/2020/11/20/dying-of-loneliness-the-paradox-of-covid-19/">Read More...</a></p>
    <p>The post <a href="http://www.hooklawcenter.com/2020/11/20/dying-of-loneliness-the-paradox-of-covid-19/" target="_blank">Dying of Loneliness: The Paradox of Covid-19</a> first appeared on <a href="http://www.hooklawcenter.com/" target="_blank">Hook Law Center</a>.</p>
  • Working Mothers and Memory
    <p>It seems that as if no time in history have we been more focused on health than in 2020. Daily, we are receiving discouraging news about COVID, the symptoms of COVID, the risks for COVID and other factors that may increase mortality. This comes while many Americans are still battling cancer, heart disease, and cognitive [...]</p>
    <p><a class="btn btn-secondary bravehart-read-more-link" href="http://www.hooklawcenter.com/2020/11/13/working-women-and-memory/">Read More...</a></p>
    <p>The post <a href="http://www.hooklawcenter.com/2020/11/13/working-women-and-memory/" target="_blank">Working Mothers and Memory</a> first appeared on <a href="http://www.hooklawcenter.com/" target="_blank">Hook Law Center</a>.</p>
  • How to Approach the Medicaid Process
    <p>For many people, Medicaid is an important benefit that enriches their lives and allows them to receive much-needed care. Known as Medical Assistance in some states, Medicaid is a comprehensive health care program that helps give financial assistance to people who need skilled nursing care and meet certain financial guidelines. Medicaid is especially important for [...]</p>
    <p><a class="btn btn-secondary bravehart-read-more-link" href="http://www.hooklawcenter.com/2020/11/06/how-to-approach-the-medicaid-process/">Read More...</a></p>
    <p>The post <a href="http://www.hooklawcenter.com/2020/11/06/how-to-approach-the-medicaid-process/" target="_blank">How to Approach the Medicaid Process</a> first appeared on <a href="http://www.hooklawcenter.com/" target="_blank">Hook Law Center</a>.</p>

Tags: , , , , ,



Get headlines from Law Firm Newswire sent right to your inbox.

* indicates required