The Estate Planning Four-Pack
At Hyde Law Firm, P.A., we serve our clients in a thorough manner. When presented with a potential client who needs a Will, we explain that in an effort to best serve their needs, in addition to the services of drafting a Will, we offer what is essentially an Estate Planning Four-Pack.
The Estate Planning Four-Pack consists of: a Will, a Living Will, a Health Care Power of Attorney, and a General Power of Attorney. Each of these documents serves a specific, separate purpose, and, at the same time, all four of them conjunctively serve the purpose of thoroughly protecting and serving a client’s need to be taken care of during different stages of life and then to distribute his/her estate posthumously.
- What is a Will? A Will is a document that sets forth a person’s desires regarding the way his/her estate will be dispersed upon dying. The state of South Carolina has certain requirements that must be met before a will can be considered valid and recognized by a probate court. If a person does not have a will or the will is invalid, the person dies intestate and his/her estate will be dispersed according to the state’s laws of descent and distribution. So, a will, simply put, gives you the opportunity to choose what you would like to see happen after you die, as opposed to having the state decide what happens posthumously.
- What is a Living Will? A Living Will is a document that allows you to make decisions regarding artificial life support, and it gives you the opportunity to express those desires to loved ones.
- What is a Health Care Power of Attorney? A Health Care Power of Attorney is a document that gives you the opportunity to designate one or more individuals to have the power to make certain health care decisions for you in the event you are unable to do so yourself. The document sets forth your express desires regarding certain medical decisions.
- What is a General Power of Attorney? A General Power of Attorney is a document that allows you to designate one or more persons to act as your agent regarding certain life decisions, particularly financial decisions.
Feel free to contact our office to schedule an initial consultation to discuss the services we offer regarding a Will, a Living Will, a Health Care Power of Attorney, or a General Power of Attorney. Once you retain us as your attorneys, we welcome the opportunity to discuss your specific needs and address those needs in preparing the necessary documents.
Execution of the documents occurs once all the documents have been explained to you and reviewed with you, thoroughly. After execution, the documents will be yours to distribute to doctors’ offices who will need to know who your Health Care Power of Attorney is, banks that might need to know who your General Power of Attorney is, and other facilities you feel will need to be in possession of those documents and your Living Will. Your WILL will need to be kept in a safe place and, as you can read about in our blog discussions regarding personal representatives, you may want to have discussions with your personal representative. These and all issues surrounding the Estate Planning Four-Pack will be addressed by our office.
Keep in mind that if you only need a Will or only one of the other documents listed in the Estate Planning Four-Pack, our office will be happy to serve your needs regarding any single document as well.Posted in Estate Planning