Estate Planning Protecting Your Family’s Future

Estate Planning Protects Your Family’s Future

• Financially Provides for dependent

family members Preserves assets for children

or grandchildren Reduces or eliminates death

taxes

• EmotionallyMinimizes potential for conflict

among family membersPreserves family relationships

Estate Planning Protects Your Family’s Future

What Do I Do?

• Learn about the issues• Decide what you want• Discuss your choices with the appropriate

people• Make it legal

Learn About the Issues

End-of-life Care Issues

Legal Authority Issues

Learn About the Issues

Financial Issues

Learn About the Issues

Property Issues

Learn About the Issues

Family Issues

Learn About the Issues

Death-Related Issues

Learn About the Issues

Decide What You Want

Make Decisions About• Who gets your property• People who depend upon you for

support• Your preferences for living

arrangements• Medical care you do or do not

want

Make Decisions About• How you will pay for medical, nursing

home care, and other needed assistance

• Who will make decisions for you when you cannot

• Burial, cremation, and memorial arrangements

Decide What You Want

Discuss Your Choices With The Appropriate People

• Spouse• Family members• Agent (under durable power of

attorney)• Health care agent• Friends (if so desired)• Doctors and other medical

providers• Lawyer• Clergy (if so desired)

Make It Legal

Last Will and Testament

Must-Have Document # 1

Make It Legal

Durable Power Of Attorney

Must-Have Document # 2

Make It Legal

Health Care Power Of Attorney

Must-Have Document # 3

Make It Legal

Advance Instruction For Mental Health Treatment

Must-Have Document # 4

Make It Legal

Living Will

Must-Have Document # 5

Make It Legal

Trust(s)

Must-Have Document # 6

Other Useful Documents

• Letter of last instruction• Ethical will• Medical directives or suggestions• Do not resuscitate order (DNR)• Organ donation card

Planning Your Estate

The gift you give your family

For more information please refer to the Estate Planning newsletter on your mini-CD