Estate Plans have multiple components. The components used within your Estate Plan depend on your financial and personal circumstance along with how you intend for your assets to be managed while alive and deceased.
Regardless of your personal situation, an Estate Plan should have at a minimum:
Here is a quick definition of each of the elements of an Estate Plan:
A Living Trust
The document that states how your assets are distributed upon your passing.
This is a “safety net” to your Trust, If something is not within your Trust, you can specify how it is distributed within your Will.
If you are married, this document defines how property is characterized within your trust.
A Durable Power of Attorney for Property and Personal Affairs
This states how you wish for your property and personal affairs to be managed in the event of your incapacitation.
Your Advance Health Care Directives
This states who are your Health Care Agents and specifies instructions to an assigned Health Care Agent.
Authorization for Release of Medical Information
(HIPAA Waiver) This states who has authority to access your medical records.
Upcoming Zoom Seminars Concerning Changes to Tax Laws.
We understand that face-to-face meetings is not ideal at this time. We want to make sure that you stay informed about several changes to the tax and estate laws.
We will have a series of virtual seminars held by Samuel B. Ledwitz over the next few months to keep you are aware how you can reduce your Tax Liability before changes take place in the tax code.
Please contact us at Info@ledwitzlaw.com if you are interesting in attending seminars and workshops that will help you best prepare.
We are open for both In-Person and Virtual Meetings.
Our office and staff are well equipped and follow all proper safety measures to have a safe in-person meeting.
We also have Zoom capabilities as well as other popular programs to have a comprehensive virtual meeting with you.