ESTATE PLANNING

Estate planning is the process of establishing who is going to be in charge of your affairs in the event of incapacity or death, who will be involve with your children’s affairs, if applicable, and who will benefit from your estate. Estate planning strategies can take many different forms including Wills, Testamentary Trusts, Living Trusts, Durable Power of Attorney, Medical Power of Attorney, Declaration of Guardian, Declaration of Guardian for Children, Directive to Physicians (also known as a Living Will), Appointment of Agent for Disposition of Remains, Transfer on Death Deed, Survivorship Agreement, just to name the most typical tools. Estate planning can be just as important for a young person as a mature one, particularly when it comes to a Medical Power of Attorney.