Using a Trust to Protect Your Assets
When you create a Trust (watch attorney, Mark Bregman, explain), you may believe you are automatically protected against loss -- and with…
Read MoreI want to speak to you today regarding what a medical power of attorney is in the state of Arizona. A medical power of attorney is a legal document allowing a person to designate another person to make medical decisions on their behalf in the event they are incapacitated and unable to make those decisions for themselves.
A medical power of attorney is effective until it is subsequently revoked, upon any expiration date set forth in the document, or upon the person’s recovery from the condition that rendered him or her unable to make their own medical decisions. The patient’s physician makes a determination whether a person is or is not incapacitated for the purpose of determining if the patient or the person designated in the health care power of attorney will be authorized to make medical decisions.
Please feel free to contact the attorneys at Hildebrand Law if you have any other questions regarding a medical power of attorney in Arizona.
By: Chris Hildebrand
I want to speak to you today regarding what a medical power of attorney is in the state of Arizona. A medical power of attorney is a legal document allowing a person to designate another person to make medical decisions on their behalf in the event they are incapacitated and unable to make those decisions for themselves.
A medical power of attorney is effective until it is subsequently revoked, upon any expiration date set forth in the document, or upon the person’s recovery from the condition that rendered him or her unable to make their own medical decisions. The patient’s physician makes a determination whether a person is or is not incapacitated for the purpose of determining if the patient or the person designated in the health care power of attorney will be authorized to make medical decisions.
Please feel free to contact the attorneys at Hildebrand Law if you have any other questions regarding a medical power of attorney in Arizona.
By: Chris Hildebrand
A basic estate plan is going to include a last will and testament, financial power of attorney, medical power of attorney with mental health powers and living will, and a personal property list if the individual chooses to create one. These are documents that every estate plan will have. From there, people have choices. For example, if you have minor children and want money paid to them over time, many couples will elect to create a revocable living trust. A trust will allow for the passing of someone’s estate without going through probate, keeping your financial information private, and allowing for money and assets to be given out over time, rather than one lump some, which is what happens in a probate situation. There are additional estate-planning documents that can be drafted if you want to avoid probate and you do not have a trust. For example, a beneficiary deed will allow you to select who will receive your house and other real estate immediately upon your death without ever having to go through the probate process. And, the Motor Vehicle Department now allows us to prepare a beneficiary designation, so that you can select who will receive your vehicle upon your death. There are many tools that an estate planner can provide to help you with setting things up to care for you and your loved ones. If you would like to create, revise, or update your estate plan, please call Owens & Perkins at (480) 994-8824.
If you would like to review estate planning documents with an attorney, visit this profile and submit a contact form.
A basic estate plan is going to include a last will and testament, financial power of attorney, medical power of attorney with mental health powers and living will, and a personal property list if the individual chooses to create one. These are documents that every estate plan will have. From there, people have choices. For example, if you have minor children and want money paid to them over time, many couples will elect to create a revocable living trust. A trust will allow for the passing of someone’s estate without going through probate, keeping your financial information private, and allowing for money and assets to be given out over time, rather than one lump some, which is what happens in a probate situation. There are additional estate-planning documents that can be drafted if you want to avoid probate and you do not have a trust. For example, a beneficiary deed will allow you to select who will receive your house and other real estate immediately upon your death without ever having to go through the probate process. And, the Motor Vehicle Department now allows us to prepare a beneficiary designation, so that you can select who will receive your vehicle upon your death. There are many tools that an estate planner can provide to help you with setting things up to care for you and your loved ones. If you would like to create, revise, or update your estate plan, please call Owens & Perkins at (480) 994-8824.
If you would like to review estate planning documents with an attorney, visit this profile and submit a contact form.
Using a Trust to Protect Your Assets
When you create a Trust (watch attorney, Mark Bregman, explain), you may believe you are automatically protected against loss -- and with…
Read More