Sunday, January 08, 2017

must-have documents

1. a will --- not enough
  • create a pull-over will
  • will is a backup (for  revocable living trust with an incapacity clause)
  • designate beneficiaries for all ur assets held in ur will and trust
  • see post for more details -- will
2.a revocable living trust with an incapacity clause
  • transfer ownership of ur assets into the trust
  • update the beneficiaries on all ur assets
  • designate beneficiaries for all ur assets held in ur will and trust
  • see post for more details -- trust, revocable living trust
3.an advance directive and durable power of attorney for health care
  • see post for more details: advance directive and durable power of attorney for health care

review ur critical documents once a year, annual

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