Although most people find the estate planning process unpleasant, a thorough estate plan is vital if you want to protect your assets and pass on your properties to friends, family, and loved ones. Estate planning and probate are complex legal processes many people find difficult to handle on their own. Our estate state planning and probate lawyers can help you draft a comprehensive estate plan and navigate probate more easily.
What Should My Estate Plan Include?
The majority of estate plans use the following documents to form the foundation of the estate plan:
- A living will also be known as a medical directive, governs whether or not life-sustaining treatments will be used to prolong your life.
- A medical power of attorney is used to allow someone to make medical decisions on your behalf when you are unable to.
- Power of Attorney – A power of attorney is used to permit someone to manage your property in the event you are unable to do so.
- A last will and testament dictates what happens after the estate is removed (becomes a decedent) and the testator (person who makes the will) can decide how his property should be distributed among beneficiaries, such as friends, family and loved ones after they die.
- A trustor can either establish a revocable living trust (which they can adjust throughout their life) or an irrevocable trust (which can not be changed post-establishment). Trusts can offer people a way to distribute property without probate and to preserve wealth for future generations.
The necessities for making legitimate domain arranging reports vary based upon the archive to be referred to — for instance, a few reports might be authenticated before witnesses and different records could be seen or executed before a legal official public.
Your home arranging legal advisor can help you draft thorough home arranging records to guarantee that you obtain the final of life care you deserve and that your resources are taken out after you kick the bucket.