Community | April 08, 2009 | 1 comment

Which estate planning document is right for YOU!

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ejasun
DO YOU KNOW WHAT THESE TERMS MEAN? YOU SHOULD!

Last Will -
1) last will can establish guardianship for minor children.
2) A last will does not specify medical wishes.


Living trust -
1) People who want to transfer property to loved ones quickly and privately, generally avoiding probate.
2) does not specify medical wishes

Power of Attorney -
1) People who want to appoint an individual to make key legal and financial decisions on their behalf.
2) does not specify medical wishes

Living Will -
1) People who want to specify their wishes for medical care and artificial life support in advance.

I didn't know the meaning and it cost me big $...
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