Last Will and Testament is the formalized expression of your intentions concerning the disposition of your financial affairs upon your passing.
- Beneficiary – is the person or persons to whom you would like to leave your assets.
- Executor – is the person who will take care of winding up your financial, legal and business affairs upon your passing.
- Trustee – the person who will take care of administering the financial affairs of any beneficiary whose inheritance was placed into trust because of their young age.
- Guardian – the person who will take care of raising your minor children if both parents pass away before they reach the age of eighteen.
Living Will identifies your intentions in the event a medical condition leaves you brain dead or physically incapacitated without the possibility for a quality of life. The Living Will can specify your intentions concerning the administration of mechanical respiration, nutrition and hydration. It also provides an opportunity for you to identify a pre-determined health care agent who can make decisions for you concerning these issues if you become incapacitated.
Power of Attorney allows you to appoint someone to care for you and your assets if you are disabled and cannot handle your own personal and financial affairs. Typically, the primary recipient of the Power of Attorney is your spouse, and the alternate is another trusted family member or friend.
The Law Offices of Adam M. Kotlar serves Camden County, Gloucester County, Burlington County, Bucks County as well as the cities of Haddonfield, Huntingdon Valley, Feasterville, Pennsauken, Cherry Hill, Southampton & Levittown in New Jersey & Pennsylvania.