Estate Planning for a brighter tomorrow
|
One of the most important things you can do to give yourself and your family peace of mind about the future is to create an effective estate plan. An estate plan not only enables you to avoid probate and protect assets, it also allows you to provide for your loved ones and see that your wishes are honored in the event of your incapacity, as well as after your death. |
Last Will & Testament
A Last Will & Testament provides your family with an outline of your wishes regarding the distribution of your assets after death. Through the probate process, a Personal Representative sees to it that your Will is administered and the provisions carried out accordingly.
Revocable Living Trusts
A Revocable Trust also provides your family with an outline of your wishes regarding the distribution of your assets after death. Through the probate process, a Personal Representative sees to it that your Will is administered and the provisions carried out accordingly.
A Last Will & Testament provides your family with an outline of your wishes regarding the distribution of your assets after death. Through the probate process, a Personal Representative sees to it that your Will is administered and the provisions carried out accordingly.
Revocable Living Trusts
A Revocable Trust also provides your family with an outline of your wishes regarding the distribution of your assets after death. Through the probate process, a Personal Representative sees to it that your Will is administered and the provisions carried out accordingly.
Incapacity Planning
Incapacity Planning is the appointing agents and representatives to assist you with all financial and medical decision making in the event you are unable to make decisions for yourself. Without incapacity planning, if you become ill, experience mental decline, or otherwise are unable to care for yourself, a court may have to intervene to appoint a guardian (a person to make decisions for you) and/or a conservator (a person to handle your finances and assets) to see that you are properly care for. Documents include:
Incapacity Planning is the appointing agents and representatives to assist you with all financial and medical decision making in the event you are unable to make decisions for yourself. Without incapacity planning, if you become ill, experience mental decline, or otherwise are unable to care for yourself, a court may have to intervene to appoint a guardian (a person to make decisions for you) and/or a conservator (a person to handle your finances and assets) to see that you are properly care for. Documents include:
- Durable Power of Attorney for financial matters
- Designation of Patient Advocate and/or Advanced Care Directive (or Living Will) for medical decisions and end-of-life decisions
- HIPAA Release and Authorization for medical information