Estate Planning Legal Documents

Estate Planning Legal Documents

Wills, Living Wills, Living Trusts…

What Do I Need?

This is not as hard as it sounds, we promise! Here are a few of the most important estate- and health planning legal documents… and the most important differences between them.

Last Will & Testament

Purpose: Outlining who should take custody of your children, pets and assets upon your death.

Important Points:

  • Requires your family to go through probate
  • Real estate can be transferred directly to your heirs/beneficiaries
  • Should be updated as your assets change, and as you have children or grandchildren
  • Does not cover health care wishes, only takes effect upon your death

Living Trust (with Pour-Over Will)

Purpose: Outlining who should take custody of your children, pets and assets upon your death.

Important Points:

  • Helps your family minimize or avoid probate
  • Keeps your estate private
  • Real estate ownership must be deeded to the trust itself before going to heirs
  • Should be updated as your assets change, and as you have children or grandchildren
  • Does not cover medical wishes

Living Will (AKA Advance Health Directive)

Purpose: Outlining your health care wishes in case you are incapacitated.

Important Points:

  • Details your wishes for life support, feeding tubes, and artificial sustaining treatments in the event you are incapacitated or develop a terminal condition
  • Specifies wishes for type of care, such as hospice, hospital care or nursing home care
  • Takes the burden of difficult decisions off of your family and loved ones

Medical Power of Attorney

Purpose: Specifies a person to make medical decisions if you are incapacitated.

Important Points:

  • Gives broad decision-making powers to someone else in case you are incapacitated
  • Lists what types of decisions should (and should not) be made by your designated agent
  • Prevents any confusion about the handling of health decisions

Financial (Durable) Power of Attorney

Purpose: Specifies a person to handle your financial affairs and make financial decisions if you are incapacitated.

Important Points:

  • Authorizes someone else to handle your banking, bills, and other financial transactions if you are incapacitated
  • Lists what types of responsibilities and powers should (and should not) be given to agent
  • Takes the burden of handling complex financial matters off of your family

Electronic Records Power of Attorney

Purpose: Authorizing someone to take control of your digital devices, files and data.

Important Points:

  • Ensures someone you trust handles sensitive electronic records and files
  • Can specify exactly what devices or types of files
  • Leave specific instructions for sharing, hiding, deleting or managing digital files
  • Can apply to social media accounts, email accounts, photos, videos, banking data or anything else digitally stored
  • You decide if it takes effect immediately or only if you are incapacitated

Free Estate Planning Documents

We have dozens of free estate planning forms, ranging from forms for executors and trustees to detailed instructions for the care of your children, pets and even how to handle your presence on social media as well as how to manage your computers, phones and tablets.

Contact US - Live Assistance Avialable
Contact Us! Live Assistance Available
Call us with questions or comments
1-844-367-6771 Call us with questions or comments
ez Estate Planner's products and services are reviewed and approved by attorneys, accountants, and/or industry experts.
ez Estate Planner is not a law firm and our products and services are not a substitute for the advice of an attorney or a certified financial planner.
ezEstatePlanner.com is a subsidiary of ezLandlordForms, LLC, Copyright © 2015-2017, All Rights Reserved. | Privacy Policy | Terms & Conditions