Monday, April 21, 2014

Understanding Essential Estate-Planning Documents

350 Old Country Road, Suite 205, Garden City, NY 11530
877-791-8076 / StoberLaw.com 

It’s never too early to start planning your estate.  Sitting down to create estate documents is the best way to ensure that your wishes will be fulfilled.  There are four estate-planning documents that everyone should have. 

Estate Planning Documents:

  • Will – A will provides instructions on where things go.  While you don’t need to tell anyone exactly what the will entails, you should let your designated executor know that you have chosen them to be in charge of managing the estate. 
  • Power of Attorney – This document gives someone else the authority to make legal and financial decisions in the unfortunate event that you become incapacitated.  Unlike the executor of your will, this is a continuing role.  You should choose someone who is both devoted to you and skilled at managing finances. 
  • Medical Power of Attorney – This enables a designated adult to make medical decisions on your behalf.  You should pick a person who is going to stay calm during a crisis.
  • A Living Will – Also known as an advanced health-care directive, this document specifies your wishes for end-of-life care.  It can include information on whether or not you want to be resuscitated, kept alive through artificial respiration or feeding, etc.

Read more about these estate-planning documents  in The Wall Street Journal.  The Law Offices of Louis D. Stober Jr. are experienced in all aspects of estate planning.  We make the process simple and provide clients with detailed documents that avoid court issues later on.  Contact our office for a consultation by calling 877-791-8076. You can also like us on Facebook and follow us on Twitter for the latest news stories and legal tips.