Content Related To 'Wills and Trusts'
Living Wills—Honoring Your Wishes in Life Threatening Situations With the technology available to medical professionals today, you can be kept alive for weeks, months or years through artificial life support, even if you are in an irreversible coma. A living will allows you to specify the type of care you want when you may need […]
Living wills, or advance directives, allow decisions to be made in advance in case a person ever becomes dependant on medical life support. They are a result of medical advances that give doctors the ability to sustain life even when a person is in a coma or vegetative state. A living will allows a person […]
Wills—An Overview A will is a legally recognized tool that can be used to: Establish a clear plan for the distribution of property upon death Name a person or persons to act as guardian of minors or others Provide direction for the payment of final debts and taxes Minimize estate tax consequences In legal terms, […]
Trusts—An Overview A trust is an estate planning tool that can help you avoid probate and tax burdens, maintain continuity of ownership in the event of death or disability, and avoid access to property by creditors. When you create a trust, you create a separate legal entity. You can then title property in the name […]