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You aren’t sure what estate-planning documents you need

Submitted by on Monday, 30 November 2009View Comments
You aren’t sure what estate-planning documents you need

You prerequisite a revocable living trust with an incapacity clause, as well as a disposition. Read that again. A will is not enough. I want you to also possess a revocable living trust. And you need two durable powers of attorney one for constitution care and one for finances. A power of attorney designates someone you trust to schlep out your affairs in the event you become unable to handle matters on your own. Your salubriousness care power of attorney will be your "voice" in medical decisions if you are unfit to speak for yourself, and the financial power of attorney can handle your bills and economic affairs. You also need an advance directive that spells out your wishes for the invariable of medical care you want should you become too ill to speak for yourself.

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