{"id":493,"date":"2023-10-18T12:37:10","date_gmt":"2023-10-18T12:37:10","guid":{"rendered":"https:\/\/balelaw.com\/?page_id=493"},"modified":"2023-10-18T12:37:57","modified_gmt":"2023-10-18T12:37:57","slug":"estate-planning-package-what-you-take-home-you","status":"publish","type":"page","link":"https:\/\/balelaw.com\/practice-areas\/estate-planning\/estate-planning-package-what-you-take-home-you\/","title":{"rendered":"The Estate Planning Package: What You Take Home With"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"493\" class=\"elementor elementor-493\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6ea98dc e-flex e-con-boxed e-con e-parent\" data-id=\"6ea98dc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bfd3623 elementor-widget elementor-widget-text-editor\" data-id=\"bfd3623\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h3>Success Is a Science; If You Have the Conditions, You Get the Result.<\/h3>\n<h3>-Oscar Wilde<\/h3>\n<p>Now that you have some of the major pieces for a typical plan, let&#8217;s put this together, in the form of a checklist-what you might your comprehensive estate plan might look like, at the end of this process.<\/p>\n<p>Please Note: The lists below are not comprehensive, other documents are used for planning, including funerary directives, plans for children&#8217;s care, and more. In each case, most of the documents must be prepared before they&#8217;re needed; they cannot be generated after the fact.<\/p>\n<h3>OPTION NO. 1-THE WILL AS CENTERPIECE<\/h3>\n<p>For those people without minor children, and who do not want to have a lifetime Trust, a typical estate planning package would include:<\/p>\n<ul>\n \t<li>Will<\/li>\n \t<li>Powers of Attorney (e.g., financial, health care or other)<\/li>\n \t<li>Nomination of guardian for disability<\/li>\n \t<li>Health care directives<\/li>\n \t<li>Living will<\/li>\n \t<li>HIPAA release<\/li>\n \t<li>Declaration of disposition of remains (when appropriate).<\/li>\n<\/ul>\n<p>For those people with minor children, and do not want a lifetime Trust, a typical estate planning package would include the same documents as above, but they would have an additional focus on the children&#8217;s needs. To do that, they can add a Testamentary Trust in the Will, for benefit of children in the event of an unexpected death of their parents, as well as direction for children&#8217;s guardians and management of assets under the Testamentary Trust.<\/p>\n<h3>OPTION NO. 2-THE TRUST AS CENTERPIECE<\/h3>\n<p>For those clients who want a lifetime Trust Agreement, and do not have minor children, they typically receive:<\/p>\n<ul>\n \t<li>Trust Agreement<\/li>\n \t<li>Assignment of personal property to the lifetime Trust<\/li>\n \t<li>A Will that pours over property into a lifetime Trust upon death<\/li>\n \t<li>Verification of non-probate property disposition to the Trust or elsewhere when appropriate<\/li>\n \t<li>Power of Attorney<\/li>\n \t<li>Health Care Directive<\/li>\n \t<li>Living Will<\/li>\n \t<li>HIPAA release<\/li>\n\t<li>Declaration relating to remains (where appropriate)<\/li>\n<\/ul>\n<p>If there are minor children, then the Trust emphasizes disposition and management of assets for the minor, with direction on guardianships if needed.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Success Is a Science; If You Have the Conditions, You Get the Result. -Oscar Wilde Now that you have some of the major pieces for a typical plan, let&#8217;s put this together, in the form of a checklist-what you might your comprehensive estate plan might look like, at the end of this process. Please Note: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":446,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"_links":{"self":[{"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/pages\/493"}],"collection":[{"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/comments?post=493"}],"version-history":[{"count":5,"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/pages\/493\/revisions"}],"predecessor-version":[{"id":498,"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/pages\/493\/revisions\/498"}],"up":[{"embeddable":true,"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/pages\/446"}],"wp:attachment":[{"href":"https:\/\/balelaw.com\/wp-json\/wp\/v2\/media?parent=493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}