Common Estate Plan Documents

~

Documents commonly included as part of a

TOD PLAN

(Nonprobate Transfers Plan for an Individual)

- 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.

~

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.

~

Documents commonly included as part of a

JOINT TRUST PLAN

(Joint Revocable Living Trust Plan for Couples)

- Joint 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.