Estate planning is about more than just reducing taxes. It’s about
ensuring your assets are distributed according to your wishes.
A living trust (also referred to as a revocable trust, declaration of
trust or inter vivos trust) acts as a will substitute, providing
instructions for the management of your assets on your
death, and, if funded, during your life.
Guardianship provisions are generally contained within the Pourover Will, and ensure that your children are well cared for in the event of your death.
An advance health care directive allows you to provide directions to
your physician to withhold or withdraw life sustaining medical
treatment in the event of terminal illness or permanent
Durable Powers of Attorney
Powers of Attorney for Financial Management are an essential part
of an estate plan in order to plan for a client’s incapacity. Even
clients whose estate plans are centered around a revocable living
trust need powers of attorney because trustees have only the power
to administer trust assets.
CHARMIAN D. TUNNEY, ATTORNEY AT LAW
Copyright © 2012 by Charmian D. Tunney, Attorney at Law. All rights reserved.
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