"What does all of this stuff mean?"

Are you curious what some of the components of a basic estate planning package with Clayton & Clayton involve? Some quick definitions follow, but as always, feel free to reach out to us your questions.

  • Last Will and Testament: establishing what happens to your assets and who should care for any minor children you may leave behind. 
  • Health Care Power of Attorney: appointing the person(s) you want to make your health care decisions if you are unable to do so.
  • Living Will / Advance Directive: stating what medical actions you want taken on your behalf in the event that you cannot make these decisions yourself.
  • Power of Attorney: giving someone the power to make financial decisions on your behalf.

Do you think your estate planning needs are more complex and might require a trust? If your needs extend beyond our basic package, we are happy to discuss options including trusts or other further planning.