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PC System Requirements: Processor: 1 GHz *Documents reflect the laws of your state – estate planning documents are not valid in Canada, Louisiana and US Territories You can also use your letter to leave some general thoughts about your life. For example, you may want to let them know why you made certain gifts or named a person to be your executor. Letters to Survivors Use the Letter to Survivors to leave your loved ones detailed explanations about your decisions. Describe your preferences for burial, cremation, memorials, obituaries and more. Includes a health care power of attorney and a living will.įinal Arrangements Plan a funeral or other ceremony and ease the burden on your loved ones. Health Care Directive or Living Will Spare your loved one’s difficult decisions by laying out your wishes for medical care and naming someone to carry out your instructions. You can also give your attorney-in-fact authority over your digital assets. In most cases, a durable power of attorney for finances is the best way to take care of tasks like these.

For example, bills must be paid, bank deposits must be made, and someone must handle insurance and benefits paperwork. Do-it-yourself and save hundreds of dollars on attorney fees.ĭurable Power of Attorney A durable power of attorney ensures that someone you trust (called your “agent” or “attorney-in-fact”) will be on hand to manage the many practical, financial tasks that will arise if you become incapacitated. A living trust is about as easy to prepare as a will. A Living Trust will ensure that your property bypasses lengthy and expensive probate proceedings. Although a living trust is not a complete substitute for a will (it doesn’t allow you to name a guardian for a child, for example), it is definitely a more efficient way to transfer property at death, especially large-ticket items such as a house. A revocable living trust, unlike a will, offers a fast, private, probate-free way to transfer one’s property after death.

How Do Living Trusts Avoid Probate? For many Americans, a significant goal of estate planning is to avoid probate.
