Your Estate is everything you own, including life insurance, joint properties, and real estate.
An Estate Plan means creation of documents that:
Typical Estate Planning Documents include the following:
Having a well drafted Financial Power of Attorney is critical because this is document grants another person the power to act on your behalf while you are alive, to do whatever you could do with your assets and affairs. If you are unable to manage your affairs and do not have a Financial Power of Attorney, your family may have to go to Probate Court and request appointment of a Conservator to manage your assets.
A well drafted Health Care Power of Attorney is also critical. This document, sometimes called a Patient Advocate Designation, Five Wishes, or Advance Directive, is a written document granting another the power to make medical and life support decisions when you are not able to make your own health decisions. If you cannot make your own health care decisions and do not have a Health Care Power of Attorney, your family may have to go to Probate Court and request appointment of a Guardian over you.
A Will is a written document that directs the disposition of assets held solely in your name and with no beneficiary designations, after your death. A will should also appoint a person, called a Personal Representative, to oversee to probate court process.
We would love to meet with you and develop an estate plan to tailored to your estate planning goals and needs. We offer free estate planning consultations.