Rachel Thiessen is a sole practitioner in Lemoyne, PA, serving Cumberland County and the surrounding area, who concentrates her practice on estate planning. Many clients hear the word “estate” and think that estate planning is only for the extremely wealthy. Estate planning, however, simply refers to the process of creating a plan to provide for your loved ones, whether that involves writing a will, establishing who will take care of your children in the event of your sudden passing, or simply making your final wishes known to your loved ones.
Establishing a written plan is the best way to avoid confusion, make sure your assets are distributed according to your wishes, and make sure your loved ones are protected. Rachel Thiessen approaches estate planning with a holistic approach, meaning she will consider your estate plan as a whole and will explain to you how each part affects your entire plan. She is committed to making sure you understand all of your options in order to construct the best plan for you and your family.
Guardian nomination is the act of selecting who will care for your children if you are unable to do so. Rachel can help you weigh the pros and cons associated with your choices and help you to make a list of potential guardians. Electing a guardian allows you to be in control of who will take care of your children if you cannot. Choosing more than one potential guardian is a good idea in the event your first choice is unable or unwilling to fulfill their obligation.
Most clients know that a will is simply a legal document that outlines how your assets are to be distributed upon your death. Wills can be extremely simple or very complicated depending on the client. Rachel Thiessen is experienced in drafting all kinds of wills and can explain your options for making sure your loved ones are provided for.
A trust is a common estate planning tool that allows clients to carefully control how their assets are distributed. For example, trusts are often set up for minor children who are unable to manage assets until they reach a certain age. A trust can also be useful for elderly beneficiaries or beneficiaries who have difficulty managing finances. Trusts can also be an advantageous planning tool when it comes to minimizing taxes.
Power of Attorney
Power of attorney frequently comes into play when a client or their loved one is incapacitated due to illness. Power of attorney allows one person to legally act on behalf of another person. A person with power of attorney may be entitled to make critical financial and medical decisions on behalf of another person, so it is critical that you seek the advice of an experienced estate planning attorney before entering into such a relationship.
Health Care Directives (Living Wills)
Health care directives and living wills are documents that explain your preferences for health care treatment and end-of-life decisions. These documents will help to clarify your wishes if you are in a life-threatening medical situation and are unable to communicate. A living will explains which treatments you want (and don’t want), to those who are entrusted with your care. Having a written explanation of your preferences can help eliminate confusion among your loved ones. Rachel is an experienced drafter of living wills and can explain your options and what they mean to you and your family.
Your final wishes may include preferences on burial or cremation or establish a fund to pay for any funeral expenses. Final wishes planning can also involve a comprehensive plan that brings together power of attorney, health care directives, wills and any other final wishes. Establishing a plan will make it easier for your loved ones to carry out your final plans and instill in them comfort knowing that they have fulfilled your final wishes.