The Last Will and Testament
- When executed with a Living Revocable Trust your Last Will and Testament a pour over will. This means that if you accidentally leave an asset outside of the trust, the asset must go through probate but it will pour over into your trust.
- In your Last Will, you nominate the people who will be the guardians of your minor children in the event of your death.
- If you do not execute a trust, your Last Will states who receives your assets.
The Medical Power of Attorney
- In this document, you decide who will make medical decisions for you when you can’t. For instance, if you are in a car accident and are not able to communicate with your doctors, and the doctors could perform a high risk-high reward surgery or a low risk-low reward surgery, someone has to make that decision for you. Your medical power of attorney would do just that.
The General Financial Power of Attorney
- In this document, you decide who will make financial decisions for you when you can’t. For instance, if you are in a car accident and are unable to communicate, your financial power of attorney step into your shoes and make any financial decisions that must be made while you recover.
The Living Will
- In this document, you will decide what you want done if you are in an irreversible coma or a persistent vegetative state.
If you would like to set up a free telephone conference to further discuss how the Basic Legal Documents can help protect your family, please click here.
Or call us at (602) 840-4101