PROBATE
Probate involves analyzing and transferring the estate assets of the deceased person. Distributing the deceased person’s assets to their heirs. Probate is the only way to legally transfer ownership of a deceased person’s assets.
ESTATE PLANNING
All of the assets you own make up your estate. Everyone has an estate, no matter how large or small. When you die, it cannot be taken with you. Estate planning allows you to control what happens to your property and assets after you die. In estate planning, you make a plan ahead of time, naming the people or organizations that should receive your property after you pass away. It is also important to emphasize that estate planning is an ongoing process, not something that happens once and for all. Your plan can be reviewed and updated anytime as your financial and family circumstances change over time.
LAST WILL & TESTAMENT
In a last will and testament, a person can specify what happens to his assets and properties after his death. By pursuing it, your loved ones will save time, money, and stress.
LIVING WILL
In a living will, written down in a legal document, the medical treatments an individual want and wouldn’t want to be used to keep them alive when he/she will unable to communicate.
DURABLE POWER OF ATTORNEY
It is a legal document that gives another person the legal authority to make decisions on your behalf.
There are always unexpected events that take place, which is why being prepared is so important. Having a durable power of attorney prepares you for situations in which you cannot decide on your own, such as medical emergencies or cognitive decline. When a durable power of attorney is granted, it remains valid until the grantor dies or called it off, this does not require renewal over time. In the event of incapacity, the agreement remains in effect.
HEALTHCARE POWER OF ATTORNEY
This is also a legal document that gives another person the legal authority to make decisions on your behalf regarding your health care if you are not capable of making decisions for yourself.