Estate Planning Services

Basic Estate Planning Documents

The four basic estate planning instruments are:

  • Last Will and Testament: This document is utilized to distribute your probate assets to your named beneficiaries, designate guardians for your children and appoint an executor to follow your wishes after your death.
  • Durable Power of Attorney (for financial affairs): This document allows you to appoint someone to manage all of your financial affairs during your life, including the sale of assets, managing your banking and checking accounts, paying your expenses and all other financial affairs. A Durable Power of Attorney is crucial for avoiding the expense and hassle of appointing a guardian through the Probate Court in case a person becomes incompetent. A Durable Power of Attorney can even be permitted to establish trusts and implement Medicaid planning techniques.
  • Durable Power of Attorney for Health Care: This document allows you to appoint a trusted person to make medical and health decisions for you in the event you are unable to do so on your own. This appointed person will also have the right to terminate life support if you are in a terminal condition.
  • Living Wills: This document is your declaration that you do not want to be kept on life support in case you become terminally ill or permanently unconscious.

We can review your existing documents and determine if they are adequate or if you should be looking at more advanced estate planning documents such as a trust.