A last Will and Testament is a legal document by which a person expresses their wishes as to how they want their property distributed upon their death. A Will also appoints an executor, otherwise known as a Personal Representative, to manage their estate and distribute their property according to their Will.
Wills are especially important for people with minor children, as they do not only distribute property upon a person’s death, but can appoint a guardian to care for their minor children in the event both parents pass away. A parent with minor children can also set up a trust within the Will that names a Trustee to manage the money and assets that they leave their children until their children reach a certain age.
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An important part of estate planning is having an Advanced Health Care Directive (sometimes referred to as a Living Will) and a financial Power of Attorney. A Health Care Directive allows you to state your wishes for health care and appoints an agent to make health care decisions for you in the event you are unable to make those decisions for yourself. A financial Power of Attorney appoints someone to “step into your shoes” to conduct certain financial and legal transactions in the event you are unable to conduct those transactions yourself. A Power of Attorney can be effective either as of the date of signing the Power of Attorney or upon a person’s incapacity.
Advanced Health Care Directives and financial Powers of Attorney are only valid and in effect while you are alive. Once you die, your Will goes into effect and dictates what happens with your money and assets.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Diam maecenas sed enim ut sem viverra aliquet. A cras semper auctor neque. Tellus id interdum velit laoreet id donec ultrices tincidunt arcu. Odio eu feugiat pretium nibh ipsum consequat nisl. Egestas sed sed risus pretium quam vulputate dignissim suspendisse in. Et netus et malesuada fames ac turpis egestas. Lorem ipsum dolor sit amet consectetur adipiscing elit ut.
An important part of estate planning is having an Advanced Health Care Directive (sometimes referred to as a Living Will) and a financial Power of Attorney. A Health Care Directive allows you to state your wishes for health care and appoints an agent to make health care decisions for you in the event you are unable to make those decisions for yourself. A financial Power of Attorney appoints someone to “step into your shoes” to conduct certain financial and legal transactions in the event you are unable to conduct those transactions yourself. A Power of Attorney can be effective either as of the date of signing the Power of Attorney or upon a person’s incapacity.
Advanced Health Care Directives and financial Powers of Attorney are only valid and in effect while you are alive. Once you die, your Will goes into effect and dictates what happens with your money and assets.
An important part of estate planning is having an Advanced Health Care Directive (sometimes referred to as a Living Will) and a financial Power of Attorney. A Health Care Directive allows you to state your wishes for health care and appoints an agent to make health care decisions for you in the event you are unable to make those decisions for yourself. A financial Power of Attorney appoints someone to “step into your shoes” to conduct certain financial and legal transactions in the event you are unable to conduct those transactions yourself. A Power of Attorney can be effective either as of the date of signing the Power of Attorney or upon a person’s incapacity.
Advanced Health Care Directives and financial Powers of Attorney are only valid and in effect while you are alive. Once you die, your Will goes into effect and dictates what happens with your money and assets.
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