What is a Health Care Proxy?
A Health Care Proxy is a document that allows you to appoint someone else to make health care decisions for you in the event that you are unable to communicate for yourself.
What is a Living Will?
A Living Will is a document that allows you to provide instructions to your agent(s) listed on your Health Care Proxy regarding end of life decisions.
What is a Power of Attorney?
A Power of Attorney is a document that allows you to appoint someone else to make legal and financial decisions on your behalf.
What is the current IRS gift tax exemption amount?
$15,000/individual and $30,000/married couple
What is a Last Will and Testament?
A Last Will and Testament is a document that allows you to name beneficiaries of your property at the time of your passing. This document also allows you to name the Executor of your estate. It is important to note that a Will only controls assets in the decedent’s name alone.
What is an Executor?
An Executor is the person you nominate in your Last Will and Testament to collect your assets and distribute them to your beneficiaries. It is important to note that an Executor needs to be officially appointed by the Surrogate’s Court, before the appointment takes effect.