An estate plan usually includes the drafting of a will, a personal property memorandum, a general durable power of attorney, a medical durable power of attorney, an advanced directive, often called a living will, and a disposition of last remains. Some people choose to create a trust to hold their property rather than have a will. If a person has minor children, then the estate plan often includes nominating a guardian and including a trust provision in the will to protect the child should he or she inherit before reaching the age of majority.
Category:
Estate Planning
