Through estate planning, you’ll ensure all these difficult decisions are made while you’re still alive and able to make them. What are the essential estate planning documents? Generally, estate plans contain the following legal documents: A living will: Also known as a medical care directive...
After you've learned the basic concepts of estate planning, consider the people who will help carry out your wishes for your estate. Theexecutorand guardians for children are usually named in your will; the health care proxy, living will, and durable power of attorney are usually distinct lega...
Allows a third party to hold assets on your behalf and specify how and when they will pass toyour beneficiaries. You've got estate planning questions,We've got answers. Who needs anestate plan? What happens if I don't have anestate plan?
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Living Will in Estate Planning How do you use a living will in estate planning? Well tell you. But first, what is a living will? What is a Power of Attorney? Need to know exactly what is a power of attorney? Find out here!
Estate planning isn’t only for the wealthy — yet the majority of Americans don’t have a plan in place. Plans may include a will, powers of attorney and a living will — also known as an advance directive. Less than one-third of Americans have one or more such documents, accord...
A will is an important legal document and a key component of estate planning. It can help ensure your estate planning wishes are respected and your loved ones are cared for after your death. But as you start this intricate legal process, you might feel overwhelmed: “How do I create a wi...
Estate Planning Understanding Why You Need an Advanced Health Care Directive (” Living Will”) June 18, 2015Dennis AstillLeave a comment If you remember the case of Terri Schvaio, you understand the importance of having a written plan for your healthcare in the event you are unable to comm...
Estate planning refers to the management of how assets will be transferred to beneficiaries when an individual passes away. Estate taxes may be levied on the value of one's estate at death. Understanding Estates The wordestateis colloquially used to refer to all of theland and improvementson a...