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Estate Planning Estate planning involves the preparation of a plan for the administration and disposition of your assets and property before and after death. Such planning not only involves wills and trusts, but also other legal documents such as durable power of attorney, health care directive, and business succession planning. Last Will and Testament: A Last Will and Testament is the first building block to an estate plan. It provides all of the necessary details for the transfer of your property at the time of death. It makes your intentions clear to all concerned parties. Durable Power of Attorney: In the event that you are unable to make financial or medical decisions due to incapacity a durable power of attorney is used to designate a responsible party and set guidelines. Health Care Directive, Living Will: A health care directive provides guidance to family and health care providers when determining medical decisions. |
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