What is included in a basic estate plan?
Will: your Will provides for the transfer of your property at your death.
Financial Durable Power of Attorney: a document to appoint an agent
(and a back-up) to make financial decisions for you if you are unable to
do so because of illness or an accident.
Health Care Power of
Attorney: a document to appoint an agent to make health care decisions
for you if you are unable to do so. (If you name the same agent for
financial and health care decisions, one document can be used for both
of these designations.)
Health Care Directive ("Living Will”):
the opportunity to direct what kind of health care you wish to receive
if you are terminally ill or in a permanent coma.
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What is included in a basic estate plan?