Attorney Stephen H. Ring will work directly with you to craft a concise yet comprehensive estate plan that protects your assets and saves headaches for your loved ones after your death. The basic Will Package includes your Last Will & Testament, two Powers of Attorney, and a Living Will.
He also provides counsel to Executors (Personal Representatives) in the administration of probate. A compassionate and kindhearted lawyer, Mr. Ring understands the nature of the estate planning and estate administration processes, and guides his clients with through the red tape to the results they seek.
The Will Package
Without a will, your family may face needless confusion, anxiety, and expense upon your death. Regardless of the size of your estate, a well-drawn Last Will and Testament (“Will”), tailored to your needs, will save headaches. You may be hesitant to confront some of the issues related to writing a will and living will. However, you will find that having these documents signed and witnessed can provide security and peace of mind. You will rest easy in knowing that your assets will be protected for your heirs and/or beneficiaries, according to your wishes.
The Will names the person who will manage your assets upon your death (“Executor” or “Personal Representative”), and names those who will receive the remainder of your estate after debts and obligations are paid (“beneficiaries” or “heirs”). The Executor will organize your affairs and oversee the administration of your estate.
Mr. Ring prepares three additional documents for each of his clients, along with a Will.
The Will Package includes:
- Advance Directive or “Living Will,” directing the withholding of certain life-sustaining measures in the event you enter a persistent vegetative state and there is little likelihood of a recovery;
- General Power of Attorney, appointing a trusted person to act in your place on financial matters when you are unable to act for yourself; and
- Health Care Power of Attorney, appointing a trusted person to act as your decision maker on medical and health care issues when you are unable to do so.
Ordinarily, Mr. Ring files the originals of his clients’ wills with the Register of Wills (in your county of residence) for safekeeping.
Copies of the wills, and the originals of the three powers of attorney, are given to the client for keeping in a safe and accessible place.
Other estate planning documents, such as Trusts, may be recommended for you based on your specific needs. For example, a Trust may be established to provide for your minor children, or to protect certain assets from probate.
What is Probate?
In the process of Probate, the Executor of the Estate is required to file certain papers with the Register of Wills for the county in which you resided at the time of your death, and to notify all interested persons (generally, heirs and creditors) of these filings. In this way a record is created, to be reviewed by the Register of Wills and by any interested heir or creditor, to ensure that your obligations are met and your assets are divided in accordance with your wishes and with applicable law.
Mr. Ring offers comprehensive estate administration services, including counsel for any Estate Executor or Personal Representative, and advice in probate matters.
Contact our Rockville office today to schedule an estate planning or estate administration consultation with Attorney Stephen H. Ring.