Along with your Last Will & Testament, there are several other basic estate documents you should consider. Take a look at the advantages of:
Powers of Attorney
• Establishing a powers of attorney is inexpensive.
• You can decide who should make decisions on your behalf if you are unable.
• You control whether your agent has general or specific power.
• The document can require the agent to become bonded or to give an account of his or her transactions.
• Provides you with the authority to reject medical treatment.
• Provides your family and health care professionals a clear description about the types of treatments you wish to have.
• Prevents arguments among family members.
• Prevents your family from going through the strain and difficulty to decide to keep you alive or not.
• Avoids expense of probate
• Avoids delay of probate.
• You can change beneficiaries or revoke transfers at any time, retaining full control of the property throughout your lifetime.
• No risk to you or co-owners.
To learn more about these estate planning documents, you can visit Kansas City Estate Planning.
If you are ready to have documents prepared on your own behalf or have specific questions about your estate, contact us today or at 913.438.1112.