Four primary documents tend to form the foundation of most good estate plans.
Although each of these documents addresses different situations, be aware that each of these documents also shares similar attributes. A succinct review of each follows.
Pa Estate Law – Pa Powers of Attorney
- A Power of Attorney can grant
- your boss (“Agent”)
- the ability to control all of your affairs.
Pa Estate Law – Pa Living Wills
- A “Living Will” can grant
- your boss (“Surrogate”)
- the ability to execute your end of life decisions.
Pa Estate Law – Pa Last Wills
- A Last Will can grant
- your boss (“Executor”)
- the ability to administer your Estate..
Pa Estate Law – Pa Trusts
- A Trust can grant
- your boss (“Trustee”)
- the ability to manage your Trust.
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This article, which I published in the The Pennsylvania Law Weekly in the Spring of 2009 (with a few minor changes) is still relevant today. You can also review this article in the series of posts that have been – and will be – published in this blog.
Pa Estate Law – 1 – Intro
Pa Estate Law – 2 – Planning
Pa Estate Law – 3 – Taxes
Pa Estate Law – 4 – Fiduciaries
Pa Estate Law – 5 – Powers
Pa Estate Law – 6 – Traits
Pa Estate Law – 7 – Documents
Pa Estate Law – 8 – Pointers
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