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Typical Estate Planning Documents Will A will is the basic estate planning tool. It is a legal document stating how your property is to be disposed of at your death and specifies personal representative-executors. There is no law that says you have to make a will, but if you do not, state laws dictate what happens to your property at the time of your death. When you have no will, delays in the timely settlement and distribution of your property can cause added expense and inconvenience to your loved ones. Medical Durable Power of Attorney with Living Will and HIPAA Authorization (a/k/a Advance Directive; Patient Advocate Designation) Permits others to make medical decisions for you when you cannot, subject to your directions known to them; life support instructions Power of Attorney A general power of attorney permits the holder of the power to act on behalf of another individual (the grantor) and lapses upon the grantor's incompetence. A durable power of attorney survives the incompetence of the grantor and allows the holder of the power to act. This document can be used when a grantor lapses from competence to incompetence for periods of time. The durable power of attorney becomes void upon death. |
 > Planned Giving > Planned Giving Guide > UPUMC Foundation > Charitable Gifts > Preparing a Will > Estate Planning Documents > Glossary of Terms
UPUMC Development Team Edward Slaughter, Jr., President - UPUMC Foundation, Inc. |
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