In recent years, we have all been reminded to make sure our final affairs are in order. The need to have things in writing seems more acute now than ever before.
A written estate plan helps your loved ones take care of you and your financial affairs when you become disabled or die. Your customized estate plan will feature a health care power of attorney, a property power of attorney, a living trust, an affidavit of trust, a pour-over will, and an optional special needs trust. These are durable (perpetual) documents which do not expire. They are revocable, which means that can be withdrawn, or changed to reflect changes in your life (for example, the death or divorce of a spouse, or the arrival of a grandchild).
Probate proceedings are cases filed in court in order to administer a decedent’s estate, to place a disabled person under guardianship, or to administer a minor’s guardianship estate.