What documents do I need to plan my estate?

 

Below is a list of documents that will be included in your estate planning package, should you choose to retain Bob.

 

Reciprocal Will - a written instrument executed and published by two or more persons (often husband and wife) disposing of the property, or some part of the property, owned or in common by them or in severalty by them. The terms of such wills being reciprocal and by which each testator makes testamentary disposition in favor of the other. 

 

Single Will - Legal document stating a person's wishes as to the disposition of his or her property or estate after death.

 

Living Will - An advance health care directive, also known as living will, personal directive, advance directive, oradvance decision, is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity.

 

Durable Power of Attorney - A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other's. The person authorizing the other to act is the principal, grantor, or donor (of the power).