Estate Planning Newsletters

Living Wills -- Formation
 
Doctors have a general duty to preserve life through whatever means are available. The only way for patients to override a doctor's general duty is to leave written instructions for their preferred medical care in case they become incapable of expressing those wishes. If you are worried about the types of medical treatment you may receive at the end of your life, you should compose a living will. A living will, also referred to as a healthcare directive, is not a part of the will that a person uses to pass property at death. It is a separate document that lets your loved ones know what type of care you do or do not want to receive should you become terminally ill or permanently unconscious/in a vegetative state. More...
 
Tax Elections - Deferral and Disclaimer
 
A remainder interest is a future interest in property that comes into existence after a prior interest terminates. For example, a decedent may have set up a trust under her will and provided in the trust that her husband is to receive the income from the property in the trust for his lifetime, and that the principal at his death is to go to their children. The children receive what is left (the remainder) when the husband's interest terminates. More...
 
Kinds of Powers of Attorney for Finances
 
There are two kinds of durable powers of attorney for finances: those that take effect immediately and those that take effect only upon your incapacitation where one or two doctors declare that you can no longer manage your financial affairs.More...
 
Executors -- Settling the Assets
 
As executor, your first step in settling the decedent's estate is to find all of the decedent's assets. You must then figure out which assets belonged solely to the decedent so that you can protect them until they can be distributed either according to the decedent's will or state intestacy laws. Finding such assets can be a challenge.More...
 
Will Formalities
 
The body of a will is where is where the testator directs the disposition of his or her estate. This article discusses the clauses before the body of the will and the clauses and signature lines after the body of the will, that are necessary to comply with the customs and requirements--the formalities--for the making of a will.More...
 
 

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