Estate Planning

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 A trust is a legal entity with separate and distinct rights, it is similar to an individual or corporation. In a trust, a party known as a trustor gives another party, the trustee, the right to hold title to and manage property or assets for the benefit of a third party, the beneficiary. Trusts can be established to provide legal protection for the assets of the trustor to ensure they are distributed according to the grantor’s wishes. Additionally, trusts can save time, reduce paperwork, and sometimes reduce inheritance or estate taxes 

A last will and testament is a legal document that identifies a person's final wishes pertaining to their assets and in cases of children under age, who is to be the guardian of the children. It provides specific instructions about what to do with their possessions. It will indicate whether the deceased leaves them to another person, a group, or wishes to leave money to charity.

The healthcare directive, also known as an advance directive, is a legal document that allows individuals to outline their preferences for medical care and treatment in the event they become unable to make decisions for themselves due to incapacitation or life threating conditions. These directives ensure that a person's medical wishes are respected when they cannot communicate them directly, Usually, the healthcare directive is accompanied by a healthcare proxy. 

 A Financial Power of Attorney (POA) is a legal document that grants a designated individual, known as the agent or attorney-in-fact, the authority to manage the financial affairs of another person, called the principal, Usually, this is established for when the principal is unable to manage their own finances due to incapacity or absence. This document allows the agent to make various financial decisions and handle transactions on behalf of the principal, ensuring their financial needs are met during times of need.  

 A deed transfer is the legal process of changing the ownership of real estate from one party to another. This involves a formal document which is a deed, which serves as proof of the transfer. Deed transfers are commonly used in various situations, including sales, gifts, inheritances, or transfers between family members.  

 An estate plan outlines how assets will be managed and distributed after your death or during periods of incapacity. It's a comprehensive process including legal documents like wills and trusts, as well as strategies for managing your finances and healthcare preferences during your lifetime if you become unable to do so.