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There are a few important documents everyone needs to have in their estate planning - - Durable Power of Attorney for Healthcare Decisions, Living Will, and Last Will and Testament. You may also want to consider a General or Limited Power of Attorney.

Although fairly simple to create, you cannot underestimate their importance. If you have not yet made these documents part of your estate plan, I encourage you to do so.

If you are a sole proprietor you should consider creating a single-member Limited Liability Company. Changing your business from a sole proprietorship to an LLC will seperate your personals assests from your business assets.

Please call, let's discuss how easy and affordable it is to create these important documents.

Legal Document Preparation

Durable Power of Attorney for Healthcare Decisions

A Durable Power of Attorney is a directive naming a person that you have chosen to make choices for you regarding life-sustaining measures and to follow your living will.

“Health care decisions” are not limited to situations regarding the use of artificial life-sustaining procedures. “Health care decisions” include consent, refusal of consent or withdrawl of consent to any care, treatment, or service; or procedures to maintain, diagnose, or treat your physical condition.

You may limit the powers your agent has. You may appoint an alternate agent to act if your first choice is unable to act on your behalf.

Healthcare Declaration

A healthcare declaration is a living will. It lets you set forth your wishes in case you are unable to act for yourself to act for yourself to make health care decisions.

General Power of Attorney

A General Power of Attorney is very broad and essentially allows your agent or attorney-in-fact, to do anything you could do personally, and those acts would be legally bonding.

These powers may include:

> Handling bank transactions.

> Entering safety deposit boxes.

> Buying and selling property.

> Purchasing life insurance.

> Settling claims.

> Entering into contracts.

> Filing tax returns.

> Exercising stock rights.

A General Power of Attorney is generally used to handle your affairs for a specific amount of time such as, being out of the country or being mentally or physically incapacitated.

A General Power of Attorney is void after death and your agent can no longer act on your behalf.

A Specific (Special) Power of Attorney can also be formatted just for you and allow your agent to do only specific things on your behalf.

Will

A will lets you decide what will happen to your estate after your death. You can decide who will inherit which of your assets, who should be gardian for your children and who will act as executor (manager) of your estate.

If you chose to prepare a will you should know that your estate will Probably have to go through probate which may be costly to your estate. To avoid probate you should consider a creating a trust.

I can assist you with preparing a simple will for uncomplicated estate planning. If you have a large estate or want to create a trust, you should contact an attorney.

Limited Liability Company

A Limited Liability Company (LLC) protects your assets like a corporation, but without the burden of corporate maintenance. That's why it's becoming the most popular way to start a business.