estate planning
TRANSCRIPT
Estate Planning Protecting Your Family’s Future
Estate Planning Protects Your Family’s Future
• Financially Provides for dependent
family members Preserves assets for children
or grandchildren Reduces or eliminates death
taxes
• EmotionallyMinimizes potential for conflict
among family membersPreserves family relationships
Estate Planning Protects Your Family’s Future
What Do I Do?
• Learn about the issues• Decide what you want• Discuss your choices with the appropriate
people• Make it legal
Learn About the Issues
End-of-life Care Issues
Legal Authority Issues
Learn About the Issues
Financial Issues
Learn About the Issues
Property Issues
Learn About the Issues
Family Issues
Learn About the Issues
Death-Related Issues
Learn About the Issues
Decide What You Want
Make Decisions About• Who gets your property• People who depend upon you for
support• Your preferences for living
arrangements• Medical care you do or do not
want
Make Decisions About• How you will pay for medical, nursing
home care, and other needed assistance
• Who will make decisions for you when you cannot
• Burial, cremation, and memorial arrangements
Decide What You Want
Discuss Your Choices With The Appropriate People
• Spouse• Family members• Agent (under durable power of
attorney)• Health care agent• Friends (if so desired)• Doctors and other medical
providers• Lawyer• Clergy (if so desired)
Make It Legal
Last Will and Testament
Must-Have Document # 1
Make It Legal
Durable Power Of Attorney
Must-Have Document # 2
Make It Legal
Health Care Power Of Attorney
Must-Have Document # 3
Make It Legal
Advance Instruction For Mental Health Treatment
Must-Have Document # 4
Make It Legal
Living Will
Must-Have Document # 5
Make It Legal
Trust(s)
Must-Have Document # 6
Other Useful Documents
• Letter of last instruction• Ethical will• Medical directives or suggestions• Do not resuscitate order (DNR)• Organ donation card
Planning Your Estate
The gift you give your family
For more information please refer to the Estate Planning newsletter on your mini-CD