Affordable Estate Planning Packages This estate planning package is designed for those with modest net worth, and who are concerned primarily with avoiding the costly and time-consuming process of probate, who will receive their assets upon their death, naming a healthcare agent to make health care decisions for them should they become incapacitated, making end of life decisions, and last but not least, if they have children, determining who will serve as a guardian for their minor children.
Simple Will The will is the centerpiece of your estate plan. It determines who will take your property when you pass, who will administer your estate, and who will serve as a guardian to your minor children
Living Will A living will (also known as an “advance health care directive”) deals with end of life decisions if you’re unable to communicate your wishes. Note that while living wills are not binding in Massachusetts, they are useful because they help guide one’s health care agents and physicians about the choices a person would make if they were able.
Health Care Proxy A health care proxy is the document where you name a health care agent. A health care agent someone who can make health care decisions on your behalf in the event your doctor determines you are unable make or communicate them.
Durable Power of Attorney A durable power of attorney is similar to a health care proxy, except that with this device you name a person who can act for you in legal, financial and other matters.
Additional Recommended Option: Revocable Living Trust