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Estate Planning 101

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In this presentation we will look at the basic estate planning components such as last wills, living wills, probate, living trusts, powers of attorney and final arrangements. – PowerPoint PPT presentation

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Title: Estate Planning 101


1
ESTATE PLANNING 101
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In this presentation we will look at
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LAST WILLS
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You can state your final wishes regarding the
distribution of your assets with a last will
5
When you create your will you should include a
choice of executor to administer your estate
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REVOCABLE LIVING TRUSTS
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An alternative to a last will as an asset
transfer vehicle is a revocable living trust
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These trusts are popular because they facilitate
the transfer of assets outside of the probate
process
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PROBATE
Probate is the legal process of estate
administration
10
People sometimes try to avoid probate because
it is time-consuming and it can be expensive
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LIVING WILLS
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With a living will you express your wishes with
regard to the use of artificial life support
measures
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DURABLE POWERS OF ATTORNEY
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Durable powers of attorney are utilized to
empower agents of your choosing to make
decisions in your behalf in the event of your
incapacitation
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AUTHORIZATION FOR FINAL DISPOSITION
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This document is used to name someone to handle
your final arrangements
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You can also leave behind specific instructions
for this individual to follow
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ARRANGE A FREE ESTATE PLANNING CONSULTATION
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The Litherland Law Firm serves Aptos and
Campbell, CA
Click to visit www.attorneyoffice.com
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