#1 Living Trust Having a trustee allows you to transfer your assets privately to avoid probate. You can decide what happens to your property if you get sick or injured and need help. #2 Pour-Over Will Goes along with your living trust and states that anything that was not put into your living trust during your lifetime is “poured” into the trust and distributed to the beneficiaries. I see people forget to add a property to the living trust and this is where your pour-over will comes into play. #3 Medical Power of Attorney This is when you give someone you pick permission to make medical decisions for
you if you become incapacitated. This could be your spouse, but maybe you are single. It doesn’t have to be your spouse even if you are married; it can be anyone. #4 Durable Power of Attorney Who is going to pay the bills when life deals you a curveball? A durable power of attorney lets you designate someone to manage your financial affairs. They can sell property, pay rent, and ensure your business remains in order. #5 HIPAA This allows the person(s) named within the document to access your medical records. Doctors and hospitals will ask for this form, it’s a serious deal. #6 Beneficiary Designations Part of your estate plan is choosing beneficiaries and making sure your different accounts list the beneficiaries correctly. Accounts such as life insurance policies and retirement accounts pass by contract so make sure the beneficiaries on these types of accounts match your wishes.
ESTATE PLANNNG I S FOR ALL OF US . I F YOU DON ' T HANDLE IT , THE COURTS WI LL DEC I DE FOR YOU .
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