Call Honolulu Estate Planning Attorney Michael J. Madison at (808) 594-9917

Last Will and Testaments

Call Attorney, Michael J. Madison at (808) 594-9917 for a free consultation.

Do you think that you don’t need a will?

 Or maybe you drafted a will by yourself that you think is adequate.

Did you know that Warren Burger, former Chief Justice of the Supreme Court drafted his own will which resulted in hundreds of thousands of dollars in unnecessary taxes and probate fees?

The lesson is that you should have a will and it should be drafted by a professional estate planning attorney.

A properly drafted will can provide numerous benefits. It outlines who you want to receive your property after you pass away, rather than having the state distribute your assets. More importantly, it allows you to name a guardian for your minor children, so that in the unfortunate circumstances of a premature death, your children will be immediately provided for. Your will can also set up a trust for the financial benefit of your minor children.

When I draft a will for a client, I include a Health Care Directive and a Durable General Power of Attorney as part of a complete estate plan. The Advanced Health Care Directive outlines your wishes on matters such as life prolonging medical treatment, organ donation, artificial nutrition, the disposition of your remains, pain relief, and funeral arrangements. Once it is drafted, your agent has a duty to work with your doctor to ensure that your decisions are respected. If you fail to draft a health care directive, these decisions will be made for you by your family members. Burdening your family with these decisions can cause tension and conflict at the worst possible time. The Durable Power of Attorney allows you to name an agent to make financial decisions for you if you become sick or incapacitated. It gives your agent the power to pay all of your bills so that your financial responsibilities are not neglected. The failure to have a properly drafted power of attorney document can result in damage to your credit, back taxes, and the seizure of your assets.

Call me today for a free consultation to see how you and your family can benefit from a properly drafted Last Will and Testament and Estate Plan.

“All you can take with you is that which you’ve given away.’”

~ It's a Wonderful Life 1946

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