Everyone’s estate plan will vary depending on an individual’s assets and desires on how to distribute those assets. However, at a minimum, everyone’s estate plan should include the following:
Contact Anker, Hymes & Schreiber, LLP today to speak with our experienced Estate Planning Attorney in Los Angeles regarding your estate plan.
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Formerly called a “Living Will” or “Durable Power of Attorney for Health Care”, an Advance Health Care Directive allows us to deal with the situation where decisions regarding our healthcare need to be made and we are unable to communicate at that time.
The Advance Health Care Directive names an “Agent” (any person(s) of your choosing) to manage your medical and health care affairs in the event you are unable to express your preferences. The medical professionals will make this determination.
This document, like the Durable Power of Attorney is fully revocable and amendable.
For additional advice and information about an Advance Health Care Directive, please contact our estate panning attorney in Los Angeles today.
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A Power of Attorney is a written document in which a competent adult (a.k.a) the “principal”) appoints another competent adult (a.k.a. the “attorney-in-fact”) to act on the principal’s behalf.
In general, an attorney-in-fact may perform any legal function or task which the principal has a right to do. The powers may be:
What is an Estate Plan?
An estate plan is a complete set of instructions that convey your wishes upon your incapacity and/or death.
Why Should I Create My Own Estate Plan?
Without a personalized estate plan the State will decide who gets what and when. The State’s idea of what your heirs should receive may not be the same as your own. With an estate plan, you can avoid the time and cost of having the State decide your affairs. It is essential that you take an active part in preparing your estate plan.
When Should I Start to Prepare My Estate Plan?
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