WILLS, PROBATE, and ESTATE PLANNING

 

A comprehensive estate plan contains your last will and testament, a power of attorney, an advanced directive, and if needed, trusts for children.

 

Through a will, one can distribute ones’ estate, choose his or her heirs, appoint guardianship, and give away his or her most precious belongings to anyone.

 

A power of attorney allows you to select a person you trust to make financial and health-related decisions on your behalf in the event of your incapacitated.  An advanced directive, a living will, is a document that states your wishes in certain health-related scenarios.

 

Whereas a power of attorney lets you give another person decision making power over your care and assets upon incapacitation, a living will allows you to state what you want done if you are in a coma or cannot be resuscitated.