estate planning basics

25
Basics What Every American Adult Should Know About Estate Planning

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This presentation talks about the basics of estate planning - last wills, living wills, durable powers of attorney, revocable living trusts, and healthcare proxies.

TRANSCRIPT

Page 1: Estate Planning Basics

BasicsWhat Every American Adult Should Know About Estate Planning

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Last Wills

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Last Wills

Living Trusts

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Last Wills

Living Trusts

Living Wills

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Last Wills

Living Trusts

Living Wills

Durable Powers of Attorney

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Last Wills

Living Trusts

Living Wills

Durable Powers of Attorney

Health Care Proxies

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Studies indicate that most American adults do not have an estate plan in place.

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1 The last will is the most commonly utilized estate planning document.

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2 Assets transferred through a last will are subject to the legal process of probate.

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This process can be expensive and time-consuming.

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You can arrange for assets to be transferred to your heirs outside of the probate process by executing a revocable living trust.

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Empowers an attorney-in-fact to make financial decisions in your behalf in the

event of your incapacitation.

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Contact the Law Firm of Mark Eghrari in Smithtown, NY at (631) 265-0599 to arrange for a free estate planning consultation.

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