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A power of Attorney is a legal file that provides somebody you pick the power to act in your place A will is not valid steve bliss law A letter of intent is simply a document left to your executor or a beneficiary.
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The 2nd file,called a living will,enables you to choose how you want to be dealt with if resuscitation or life assistance is needed The Law Firm of Steven F.Bliss Esq.estate planning lawyer san diego A properly drafted estate planning package avoids the long and costly legal process referred to as estate planning.
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A last will and testament takes care of any property that must be estate planning A revocable living trust is created for the purpose of preventing estate planning procedures The Law Firm of Steven F.Bliss Esq.A living will,also known as an advance directive,sets forth your wishes regarding what types of life-prolonging medical treatment you do,or do not,want in the event you become terminally ill or injured and are unable to communicate your wishes.
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A durable power of Attorney merely suggests that the document stays in result if you become incapacitated and unable to handle matters by yourself.
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Steveblisslaw A living trust is a separate legal entity and has full legal authority on its own and thus can avoid the estate planning system entirely,can manage all of your estate distribution and management desires,can accomplish substantial savings on estate taxes,and can remain totally private so that no one knows your business except those persons that you want to have knowledge of your personal and financial affairs.
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