Estate Planning documents are prepared for the distribution of the estate owner’s property to his heirs at his death, occurrence of incompetency or complete disability to avoid probate and save on estate taxes. An estate plan protects your assets during your lifetime and after your death.
Estate planning includes preparing a will and setting up trusts to make sure your beneficiaries receive the property you wish them to receive possibly before your death to further minimize estate taxes.
Prepare your own power of attorney letter now to save time and money for the purpose of making sure your life decisions in the future are made by someone you choose now in case you later become incapacitated.
A power of attorney letter is a document which authorizes another person to act on behalf of the individual granting the power of attorney. The person giving the power is called the Grantor and the person granted the power is called the Attorney-in-Fact. Anyone may be the attorney-in-fact.
A living will document should be prepared if you want your health care wishes taken care of in case you become terminally ill or incapacitated due to an injury or an illness. A living will sets guidelines you want your family and health care providers to follow in what life sustaining medical treatments you want to continue to use. A living will specifies the medical care you do or do not want if you become incapacitated.
You can use a last will and testament template to prepare your own last will. Preparing last will and testament forms are perhaps the most important legal documents the average American will ever sign. You determine who receives your property after you pass away and not the state.
You can prepare living trust forms to protect all your assets. In your life situation you have a lot of assets and you realize you need to protect these assets to avoid problems with claims and creditors. You want to keep a greater control over your assets and have your beneficiaries carry on with your assets after you pass away to avoid probate. You can solve most of these problems by creating a living trust with professionally made living trust forms you can prepare yourself.