July 10, 2014 by generationsprobate
Each of these documents contributes to a smoother transfer of estate to your beneficiaries. A will is required to establish your intention and desires in terms of how your property and assets would be distributed. Probate courts do their best to check on the validity of the will, and then to honor its content. Without a will, the probate court will administer the estate’s assets, according to state laws. A living will, on the other hand, is a legal document that clarifies your intentions about your medical treatment.
Two other documents should not be overlooked, as well. A medical power of attorney will give someone you trust the power to make medical decisions for you when you are no longer able to make medical decisions for yourself. A financial power of attorney empowers someone to make financial decisions if you have become incapable of doing so.