Basic Estate Planning Documents
Everyone can benefit from planning for the future, whether it
involves the distribution of property, tax reduction, or the care of
family members. Most estate plans include the following basic
documents:
Will. A will enables you to control to whom and in what
manner your property will be distributed, and can be used to reduce
estate taxes.
Durable Power of Attorney. This is a document in which you
grant another person the power to carry out certain actions on your
behalf, even after you become incapacitated. This generally avoids
the time, trouble and expense of a court incompetency and
guardianship proceeding.
Health Care Power of Attorney. This document is similar to
a durable power of attorney, but it is limited to health care
matters. It takes effect if and when you become incapacitated and
unable to express your own decisions.
Living Will. Also known as a Declaration of a Desire for a
Natural Death, this document states your wishes regarding the use of
life sustaining procedures if you are terminally ill or in a
permanent coma.
A Living Trust allows for the management of your assets
during your life, and provides that the trust assets will be
distributed directly to your chosen beneficiaries at your death,
avoiding the time, expense and publicity of probate. Please contact us today or call us at
800-201-0413
Email:
info@trustcounselpa.com |
