Estate_Planning_US09.key

Estate_Planning_US09.key - You have stuff. You die. Someone...

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You have stuff. You die. Someone gets your stuff. Jane Bryant Quinn
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Estate Planning 1. Disability Guardianship - personal care and medical decisions Conservatorship - financial decisions 2. Durable Power of Attorney Financial General Durable Power of Attorney “Springing” Durable Power of Attorney Medical Michigan use POA approach Living Will Advance Medical Directives Choice of “Attorney-in-Fact” or Agent is extremely important.
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3. Forms of Ownership Sole Any property - real estate, brokerage accounts, bank accounts, stocks and bonds. Probate Will or Intestacy Joint Surviving joint owners. Will and Intestacy rules do not matter. Beneficiary designation Life Insurance, Retirement plans, IRA’s Will and Intestacy rules do not matter.
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Forms of Ownership - continued Sole Joint Beneficiary Designation Trust Trust language. Possession Personal property. (sofa, computer, TV, kitchen stuff) Will or Intestacy.
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Intestacy Spouse W/O children……. All of estate. W/ children……….
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Estate_Planning_US09.key - You have stuff. You die. Someone...

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