These documents include: revocable living trusts for lifetime management of assets or out - of - state real property to avoid probate, as well
as durable powers of attorney for financial and healthcare decisions, Durable Powers of Attorney (DPA), healthcare directives and living wills, Health Insurance Portability and Accountability Act (HIPAA) authorizations for release of protected healthcare information, and premarital and postnuptial property status agreements that clarify status of community and separate property.
Think long and hard, said Clapp, about whom you select
as your durable power of attorney and medical power of attorney.
Not exact matches
Estate planning for everyone starts with certain estate planning documents such
as a last will and testament,
durable power of attorney AND revocable and irrevocable trusts.
A person making a simple will should also consider preparing other basic estate plan documents, including
durable powers of attorney for financial and health care matters,
as well
as a health care directive.
We advise and represent professional fiduciaries and family members serving
as conservators, guardians, personal representatives, trustees or agents under
durable powers of attorney.
Mr. Hafen's practice includes advice regarding sophisticated tax, estate, asset protection, and business planning strategies, including the preparation
of documents such
as wills, living trusts,
durable powers of attorney, healthcare directives, asset protection trusts, irrevocable life insurance trusts, gift programs, grantor retained annuity trusts, education trusts, family limited partnerships and limited liability companies, generation - skipping transfers, charitable giving, charitable remainder trusts, private foundations, property agreements, and prenuptial and postnuptial agreements.
Unfortunately, due to difficulties in enforcement
of these
durable powers of attorney, an increasing number
of organizations are no longer accepting a
power of attorney as sufficient proof that this person can make decisions on the elderly or sick person's behalf.
Estate planning for everyone starts with certain estate planning documents such
as a last will and testament,
durable power of attorney AND revocable and irrevocable trusts.
If your ex-spouse is the prime beneficiary
of your will or is listed
as your agent in your
durable power of attorney, you'll likely want to update both
of these documents.
Have you made a
durable power of attorney appointing a representative — a spouse, sibling or parent — to perform actions on your behalf such
as pay bills and make your financial decisions?
Living wills can include a designation
of durable power of attorney, allowing that person to act
as your agent for healthcare decisions.