Last Will and Testament
A Last Will and Testament is a legal document that contains your personal instructions regarding the distribution of assets upon your death. It allows you to designate the beneficiaries of your estate and to name a person to serve as executor of your estate. A Last Will and Testament can be a very important planning tool for everyone; particularly with minor children or grandchildren, family members with special needs, or concerns about long-term care planning or estate taxes.
Health Care Proxy and Living Will
A Health Care Proxy and Living Will are appropriate for anyone who is concerned about having someone act for them to make health care decisions; this can include decisions such as being kept alive in an unconscious or vegetative state when there is no reasonable likelihood of recovery. A Health Care Proxy allows you to designate an agent to make health care decisions in the event you are unable to do so. A Living Will allows you to document your wishes concerning treatment in the event you become terminally ill and unable to speak for yourself.
Durable Power of Attorney
A Durable Power of Attorney is a legal document in which you appoint an agent to make financial decisions on your behalf in the event you become incompetent or disabled. It often helps to avoid the necessity of costly and protracted guardianship proceedings. A Durable Power of Attorney terminates upon your death.