Wills
Your will is the keystone of your estate plan. It spells out how your assets will be distributed
and how your dependents will be cared for in your absense. If a will is properly prepared, witnessed,
and signed, it ensures that your wishes regarding these matters will be carried out.
Living Wills and Advance Directives
These documents let you dictate instructions for the type of health care you want to receive,
including who should oversee your treatment, if you are unable to
communicate these instructions
yourself.
Power of Attorney
A Power of Attorney is a legal document in which you give another person legal
authority to act for you if you ever become
incapacitated.
Types of Power of Attorney
Limited Power of Attorney. Through a limited Power of Attorney you authorize another person
to do specific things for you for a limited period of time, or in certain circumstances. The limited
Power of Attorney ends if you become incapacitated or die. It also may end at a time that you specify
in the document.
General Power of Attorney. A general Power of Attorney gives another person the authority to do
whatever you can do. Think very carefully before signing this type of document. It should be used
sparingly. This document ends when you become incapacitated or die.
Durable Power of Attorney. A durable Power of Attorney authorizes your agent to continue to act
for you after you become incapacitated. This document ends at your death. It can take effect as soon as
you sign it.
Springing Power of Attorney. A springing Power of Attorney can be written so it goes into effect
if you become incapacitated. Be very careful to define clearly exactly how others will determine that
the "springing event" has occurred.
Durable Financial Power of Attorney. A durable Financial Power of Attorney allows your agent to
carry out financial tasks for you when you cannot do so. This might include paying your bills, managing
your property, and handling other money matters.
Durable Medical Power of Attorney. A durable Medical Power of Attorney lets your
agent make medical decisions for you when you can not make these decisions yourself.
If you have questions about any aspect of estate planning and what we can
do for you, please contact us. |
Phone: 888-495-7289 Fax: 888-559-8856