Estate Planning Basics

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Estate Planning Basics
What Every American Adult Should Know About
Estate Planning
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In this presentation we will look at
Last Wills
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In this presentation we will look at
Last Wills Living Trusts
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In this presentation we will look at
Last Wills Living Trusts Living Wills
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In this presentation we will look at
Last Wills Living Trusts Living Wills Durable
Powers of Attorney
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In this presentation we will look at
Last Wills Living Trusts Living Wills Durable
Powers of Attorney Health Care Proxies
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Who Needs an Estate Plan?
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Studies indicate that most American adults do not
have an estate plan in place.
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This is a troubling statistic because all
responsible adults should execute the necessary
estate planning documents.
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The Last Will
The last will is the most commonly utilized
estate planning document.
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You can use a last will to express your final
wishes, but it is not your only option.
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Assets transferred through a last will are
subject to the legal process of probate.
Probate
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This process can be expensive and time-consuming.
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As a result many people choose to avoid probate.
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Revocable Living Trusts
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• You can arrange for assets to be transferred
  to your heirs outside of the probate process by
  executing a revocable living trust.

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Living Will
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A living will is an advance health care
directive.
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With this document you state your wishes
regarding the use of artificial life support
measures.
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Durable Power of Attorney
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Empowers an attorney-in-fact to make financial
decisions in your behalf in the event of your
incapacitation.
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Health Care Proxy
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• With a health care proxy you select an agent
  who would have the power to make medical
  decisions for you if you become unable to
  communicate your own choices.

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Want to
KNOW MORE ABOUT ESTATE PLANNING?
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Our Firm Can Help
Contact the Law Firm of Mark Eghrari in
Smithtown, NY at [phone] to arrange for a
free estate planning consultation.
Click to visit MyEstatePlan.com