![]()
MyWillPros.com can help you prepare any of a variety of legal documents -- all with the help of an attorney in your area. But which document do you need? it all depends on what you want. MyWillPros.com provides five basic estate planning documents:
Last Will and Testament
A last will and Testament, in most cases, is a written document where you make a disposition of your property to take effect after your death. A Last Will and Testament goes through a process, called probate, where the court determines the validity of the document and then, with the help of the executor, makes sure the property is distributed accordingly to the named beneficiaries. Start your Last Will now!
Springing Durable Power of Attorney:
A Power of Attorney is a written instrument authorizing another person/s to act as your agent in all or in selected financial and legal matters. A Springing Durable Power of Attorney does not go into effect until you lack the capacity, as determined by a physician, to make these financial and legal decisions for yourself. Your agent would then have the ability to manage your financial and legal affairs for you. Start your Power of Attorney now!
Health Care Directive:
A MyWillPros health care directive is an all encompassing health and medical care directive. It includes a living will, which addresses whether life support should be withdrawn in the case where you are rendered terminally ill and unable to make the decision for yourself, and a health care proxy (also known as a health care power of attorney) which allows you to assign an agent to make other important health care decisions for you should you be rendered unable to do so. Start your Health Care Directive now!
Living Trust
A Revocable Living Trust is a written instrument where you, as the grantor or principal, transfer your property into a trust, created by you, during your lifetime. Within the instrument, you appoint a trustee, who is very often yourself, to administer the assets of the trust, and to pay out income and principal in accordance with the terms set forth in the trust. Generally, you, as the trustee, can use the income and principal from the trust as you wish during your lifetime. Upon your death, the remaining assets in the trust pass immediately on to those beneficiaries designated by you in the trust, without the process of probate court, as with a will. Start your Living Trust now!