Samuel Alboum, Attorney at Law: P: 215-540-5820 F: 215-546-3821
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  Philadelphia Wills, Powers of Attorney & Trusts Attorney

Wills, Powers of Attorney and Trusts are important documents that assist people in planning for serious illnesses or death, and it pays to have an experienced attorney prepare these documents for you.

Wills

A Will specifies which people, groups or organizations receive your assets (money and property) after you have passed away. Writing a Will is a way for you to control who receives your assets when you die. A Will can also establish guardianship for minor children.

A properly prepared will can minimize the time and cost involved in gathering and distributing our property. It may even aid in reducing the conflict and ill feeling among beneficiaries, which often arise during property distributions. But if you die without a will, your property will be distributed according to state law, which may result in a property division that you would not have approved.

Powers of Attorney

A Power of Attorney gives one person (the agent) the authority to make decisions for you (the principal). The Power of Attorney designates the name of the agent, and specifies exactly the powers, or authority, to be granted. Typically Powers of Attorney are prepared so our affairs can be managed when we become either too ill, or otherwise incapacitated to manage them ourselves. Because the powers granted and the potential for abuse are so great, it is important you have complete confidence in the person you designate as your agent. It is also important these documents be drafted with great care. 

Trusts

Trusts, like wills, are devices that provide for distribution of our property. Unlike a will, a trust may make distributions while you are still alive. Trusts may also be used to supplement a will, and are a common estate-planning tool. Because trusts can be complicated and the powers granted to the trustee are great, trust documents should be planned and drafted with great care.

Drafting a Will, Power of Attorney or Trust requires careful thought and consideration, as well as analysis of the laws that apply to these estate planning tools. Attorney Sam Alboum has helped numerous clients draft and administer their wills, trusts and powers of attorney. That is why, if you or someone you love wants to set up a will, trust, or power of attorney, you should contact Attorney Sam Alboum to help you through the process and directly involves himself in every aspect of your estate planning matter.

If you, a loved one or friend needs to draft a Will, Power of Attorney, or Trust, contact Philadelphia Family Law Attorney Sam Alboum at (215) 546-3820, or click here to send Sam an email.