Common Estate Plan Documents
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Documents commonly included as part of a
TOD PLAN (Nonprobate Transfers Plan)
- Last Will & Testament
- Beneficiary Deed (for residence)
- Durable Power of Attorney for Personal Financial Decisions
- Durable Power of Attorney for Health Care Decisions
- Advance Health Care Directive (right-to-die statement)
- NonProbate Deed of Gift (for tangible personal property)
- Instructions for Retitling Assets into NonProbate Form
A few of the main benefits of such plan include the avoidance of probate, ease of implementation and low cost.
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Documents commonly included as part of a
TRUST PLAN
(Revocable Living Trust Plan for an Individual)
- Revocable Living Trust
- Last Will & Testament
- Durable Power of Attorney for Personal Financial Decisions
- Durable Power of Attorney for Health Care Decisions
- Advance Health Care Directive (right-to-die statement)
- General Warranty Deed or Beneficiary Deed (for residence)
- Assignment of Tangible Personal Property (into trust)
- Instructions for Retitling Assets into Trust
A few of the main benefits of such plan include avoidance of probate, secure planning method, full control over distribution of assets.
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Documents commonly included as part of a
JOINT TRUST PLAN
(Joint Revocable Living Trust Plan for Couples)
- Joint Revocable Living Trust (1)
- Last Will & Testament (2)
- Durable Power of Attorney for Personal Financial Decisions (2)
- Durable Power of Attorney for Health Care Decisions (2)
- Advance Health Care Directive (2) (right-to-die statement)
- General Warranty Deed or Beneficiary Deed (for residence)
- Assignment of Tangible Personal Property (into trust)
- Instructions for Retitling Assets into Trust
A few of the main benefits of such plan include avoidance of probate, secure planning method, full control over distribution of assets.