This package includes:<\/p>\n
Living Trust:<\/p>\n
A “living” trust (also called an “inter vivos” trust) is simply a Many people create a <\/span>revocable living trust <\/span><\/a>as EIN: Employer Identification Number, also known as the Federal Employer Your Will:<\/p>\n A will or testament is a legal document that expresses a person’s Health Directive:<\/p>\n A health care directive is a written document that informs other of your wishes about your health Financial Power of Attorney:<\/p>\n A Durable Financial Power of Attorney is a document that lets you Powers given with a Financial Power Of Attorney:<\/p>\n Provide for your family\u2019s ongoing expenses<\/span><\/p>\n<\/div>\n<\/div>\n<\/li>\n Take care of your healthcare and insurance bills<\/span><\/p>\n<\/div>\n<\/li>\n Handle your taxes and file them on your behalf<\/span><\/p>\n<\/div>\n<\/li>\n Keep your business or businesses running<\/span><\/p>\n<\/div>\n<\/li>\n Manage real estate property you may own<\/span><\/p>\n Oversee your insurance and retirement account<\/span><\/p>\n<\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":" This package includes:<\/p>\n Living Trust:<\/p>\n A “living” trust (also called an “inter vivos” trust) is simply a
\ntrust you create while you’re alive. The beneficiaries you name in your
\nliving trust receive the trust property when you die. You could instead
\nuse a will, but wills must go through <\/span>probate<\/a>\u2014the court process that oversees the transfer of your property to your beneficiaries.<\/p>\n
\n part of their estate plan. These trusts can be modified or revoked at
\nany time. Typically, you’ll name yourself as the “trustee” of your
\ntrust. This means that while you are alive, you retain control of the
\ntrust and its property. In your trust document, you will also name a
\n“successor trustee” to take over and manage the trust (distribute your
\nproperty) after you die. (If you create a shared living trust, as is
\noften done by spouses, then your successor trustee would assume control
\nafter both spouses have died.)<\/p>\n
<\/p>\n
\n Identification Number or the Federal Tax Identification Number, is a
\nunique nine-digit number assigned by the Internal Revenue Service to
\nbusiness entities operating in the United States for the purposes of
\nidentification.<\/span><\/p>\n<\/p>\n
\nwishes as to how their property is to be distributed after their death
\nand as to which person is to manage the property until its final
\ndistribution.<\/span> <\/span><\/span><\/p>\n
\ncare. It allows you to name a person (“agent”) to decide for you if you are unable to decide. It
\nalso allows you to name an agent if you want someone else to decide for you. You must be at
\nleast 18 years old to make a health care directive.<\/p>\n
\nappoint someone (known as your \u201cagent\u201d) to manage your finances for you
\nif you ever become unable to do so for yourself. The name is made up of
\nthree parts: First, the authority you grant to your agent is called the
\n\u201cpower of attorney.\u201d Second, a \u201cfinancial\u201d power of attorney is one that
\n grants authority over financial matters; it is different from a
\n\u201chealthcare\u201d power of attorney, for example, which grants authority to
\nmake medical decisions. Finally, a \u201cdurable\u201d power of attorney is one
\nthat remains in effect even after its creator becomes physically or
\nmentally incapacitated.<\/span><\/p>\n\n
\ntrust you create while you’re alive. The beneficiaries you name in your
\nliving trust receive the trust property when you die. You could instead
\nuse a will, but wills must go through <\/span>probate<\/a>\u2014the court process that oversees the transfer of your property to your beneficiaries.<\/p>\n