Estate Planning Series Pt. 1 – What Are the Documents in A Simple Estate Plan?
Updated: Sep 21, 2020
Especially in today’s current climate, making sure your estate planning documents are complete is vital, no matter your age.
The documents included in a simple estate plan completed by The Standish Law Firm, LLC, include:
Durable Power of Attorney;
Medical Power of Attorney; and,
Last Will & Testament.
A Durable Power of Attorney, or DPOA, is the document that grants to another person the ability to act on your behalf in all of your affairs, except your medical care, whether or not you are capable of making the decision yourself.
A Medical Power of Attorney, also known as a “Living Will” or “Advance Healthcare Directive” dictates your medical care. This only comes into effect when you are unable to make decisions concerning your medical care, such as when you are sedated, in a coma, or otherwise incapacitated.
A person’s Last Will and Testament is the document that dictates what happens to a person’s assets upon their passing.
Each individual’s circumstances are different. If you are single or married, have no children or a blended family, own a home, have several bank accounts, or a pet, your attorney will work with you to make your estate plan best suit your situation and facts. If you have additional questions on these documents, or would like to start your simple estate planning today, The Standish Law Firm, LLC, is gladly accepting clients for simple estate planning on a flat-fee basis.