Trust and Estates Newsletters
Choosing a Healthcare Power of Attorney
Like a durable power of attorney for financial decisions, a healthcare power of attorney permits you to name a medical proxy to make healthcare decisions on your behalf when you are no longer able to do so for yourself. Similar to a living will, a healthcare power of attorney can specify what kinds of measures you want taken. You should be aware that states have different names for the same healthcare power of attorney, including medical directive, directive to physicians, declaration regarding health care, designation of health care surrogate, and patient advocate designation.
Donating One’s Body to Science
A dead human body is usually disposed of by burial or cremation. One alternative that benefits people outside of the funeral industry is to donate one’s dead body to science. Donation to science (also know as donation to medical science) is turning over a dead body to doctors, medical students, and/or other scientists for use in their studies. The charitable goal is the advancement of science.
Executors — Settling the Assets
As executor, your first step in settling the decedent’s estate is to find all of the decedent’s assets. You must then figure out which assets belonged solely to the decedent so that you can protect them until they can be distributed either according to the decedent’s will or state intestacy laws. Finding such assets can be a challenge.
Failing to Make and Leave a Will
Although estimates vary, it’s pretty safe to say that more than 50 percent of the people who could make and leave a will fail to do so.
Gifts During Life – II
An intentional transfer of property made from the generosity of the transferor is known as a gift. The person who makes a gift is known as the donor. The person who receives a gift is known as the donee.