Estate planning is the process in which individuals arrange the transfer and preservation of assets in the event of death or incapacity. A complete and comprehensive estate plan will insure that an individual's physical person and property will be managed properly upon the occurrence of an unforeseeable or inevitable event.
A trust is a legal instrument used to hold assets on behalf of a beneficiary or beneficiaries. A properly drafted trust will allow the estate to avoid any costs associated with Probate.
Last Will and Testament
A last will and testament is a legal tool used to designate a representative to distribute the assets of an estate to the beneficiaries through the Probate process.
Financial Power of Attorney
A financial power of attorney is a document drafted appointing an agent to manage an individual's financial affairs in the event of incapacity.
Medical Power of Attorney
A medical power of attorney is a document drafted appointing an agent to make medical decisions on an individual's behalf in the event of incapacity.
An advanced directive is the written intent and instructions of an individual regarding end-of-life medical treatment.
A HIPAA release is an authorization to disclose the medical information of an individual to those listed in the document. A HIPAA release is typically coupled with a medical power of attorney.