Estate

  • WILL- Most people use a will to leave instructions about what should happen to their property after they die. However, you can also use a will to name an executor and name guardians for children and your property. You can also decide how debts and taxes will be paid.

  • HEALTH CARE DIRECTIVE- A health care directive is a written document that informs others of your wishes about your health care. It allows you to name a person to decide medical care for you if you are unable to decide.

  • POWER OF ATTORNEY- the authority to act for another person in specified or all legal or financial matters. A legal document giving power of attorney to someone.

  • LIVING TRUST- A living trust is a cost-saving device: in most states, it allows you to avoid the expense and delay of probate proceedings, which can take up to three years to complete and eat up 10% of the value of your estate.

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