Estate Planning Tools

Power of Attorney

A power of attorney is a signed document which confers decision making authority unto another person who can act on your behalf for non-medical related matters. This instrument can be effective from the moment you sign it, or can “spring” into effect to become effective in the event that you are too sick, disabled or otherwise unable to make decisions on your own. They are very powerful instruments, and should be given only to those individuals you trust most.

Power of Attorney for Health Care

(Health Care Proxy)
A power of attorney is a signed document which confers decision making authority unto another person who can act on your behalf for non-medical related matters. This instrument can be effective from the moment you sign it, or can “spring” into effect to become effective in the event that you are too sick, disabled or otherwise unable to make decisions on your own. They are very powerful instruments, and should be given only to those individuals you trust most.

Advance Directive For Health Care

(Living Will)
An Advance Directive For Health Care or Living Will is a legal document that a person uses to make known his or her wishes regarding life-prolonging medical treatment in the event of the occurrence of certain medical conditions where there is little or no prospect for meaningful life, such as coma with no brain activity, and similar circumstances. It informs your health care providers and your family about your desires to receive or withhold medical treatment under such circumstances. Your treating physicians must implement such wishes rather than follow instruction from any third party. An Advance Directive For Health Care or Living Will supersedes instruction from any third party, and your health care agent under a Power of Attorney for Health Care or Living Will is also bound by your wishes expressed in this instrument.

Trusts

A Trust can be a very valuable tool for a variety of purposes, and there are many different kinds of trusts that can be tailored to your needs. For example, a trust can incorporated into your estate plan to pass your assets to your heirs during your lifetime to avoid federal and state
estate tax liability upon death, to preserve generational wealth, protect or ensure that you can reside in a family home, protect your assets from creditors, qualify you for Medicaid benefits and nursing home care, and even provide income to a disabled person or child with special needs. Trust planning can be very complex and is best handled by attorneys experienced in their preparation and implementation.

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