Estate Planning

Advanced healthcare directives (living will) – If you have specific requests regarding your care in the event of a serious illness or sudden accident, it is important that those wishes are documented. While many of us like to believe our family members understand what medical care we wish to have administered or withheld, without a written document, there can be deep and emotional disagreements. An advanced health care directive can clearly spell out what level of care you wish to have, or can appoint an individual to make decisions should you not be able to yourself. Having an attorney facilitate these difficult discussions, prepare the documents, and then present them to your family can help to avoid making an already difficult situation even more difficult.

Powers of attorney – Appointing a person you trust to manage your finances in the event you suffer an illness or serious injury is extremely important. While you are unable to manage your own finances, your power of attorney would have the ability to write checks to pay bills on your behalf and make other financial decisions. Properly drafted powers of attorney may have specific limitations on what someone may do on your behalf. At The Law Office of Kiran Mahal, we will discuss your overall goals with you and make sure that a power of attorney is drafted in a manner in accordance with your needs.

Wills – A will can distribute your assets in a variety of ways. Having the knowledge that your assets are distributed in accordance with your wishes can be very important to avoiding family conflicts after you have passed. Mr. Mahal helps those in Pennsylvania and New Jersey craft wills that distribute their assets to loved ones, charities and others whom you wish to gift portions of your estate.

Trusts for children and grandchildren –Trusts can help protect your assets for your loved ones’ future. Mr. Mahal can help you set up trusts to ensure your children and grandchildren get the assets you wish for them to inherit. You can specify an age that you believe is most appropriate, or appoint someone to manage the trust until your loved ones are ready to manage it themselves.

Living trusts – A living trust transfers your assets during your life, instead of upon your death like a will. The primary benefit of a living trust is that you can avoid the probate process. At The Law Office of Kiran Mahal, we can help you understand if a living trust is appropriate for you and draft a trust that will allow you to transfer your assets and thereby avoid the probate process.

Special needs trust – Addressing financial security of a loved one who needs care throughout their lives is important. The Law Office of Kiran Mahal can help you craft the proper documents including appointing the right trustees and providing for oversight of the finances of the trust throughout the life of your loved one. We will work closely with you to make sure we have a complete understanding of the needs of your loved one and help you craft the proper trust documents to provide for their future.

At The Law Office of Kiran Mahal, we understand the unique needs of seniors and we know it is not always easy for seniors who need help with these documents to get to our offices. We are happy to visit with you at your home or other location to help you with your specific estate planning needs. Call The Law Office of Kiran Mahal today at (215) 250-2084 for all your elder law needs in Philadelphia PA. We are also licensed to practice in New Jersey and are willing to help seniors in both locations.