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Law office estate planning checklist4/7/2024 ![]() An Inventory of Assets provides a clear and detailed list of your property, so your executors and beneficiaries can quickly locate everything needed to settle your estate.The term “digital assets” can be defined as “digitally stored content or an online account owned by an individual.” A Guide to Digital Assets gives your personal representatives a list of your online accounts and memberships, allowing them to access them after your death if necessary.An Arizona lawyer with estate planning experience can let you know if you are eligible for a living trust. As trustee, you still control the assets until your death, when those assets then pass to beneficiaries named in the trust. A Mental Health Care Power of Attorney covers mental health care issues not included in a general health care power of attorney.Ī Revocable Living Trust transfers some or all of your assets to a trust.The Health Care Power of Attorney allows you to name who can make medical decisions for you if you are unable to do so.A Power of Attorney can take effect immediately or only after a person is unable to make their own decisions. People use a Durable Power of Attorney to designate someone to handle their financial affairs.An Ethical Will is a thoughtful letter, or as we do at Keystone, a Legacy Recording, to your family telling them about important events and people in your life, religious beliefs, family history, life lessons based on your experiences and so on.A Living Will is one way to tell people how to handle your final medical treatments.Sometimes a Pour-over Will is used to add assets to your trust after you’ve passed on.A general Will spells out how you want your possessions to be distributed after your death.We usually just say “Will” when talking about someone’s Last Will and Testament, but did you know there are several kinds of Wills? ![]() ![]() But what does the term really mean? What kinds of documents might make up the complete estate planning package? Last Will & Testament We even hear about it on the news, especially if someone’s plans have gone wrong.
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