Who should have a Durable Power of Attorney and Advance Health Care Directive?
Everyone 18 years and older should have a durable power of attorney and an advance health care directive. If you become incapacitated from an illness or accident, and you do not have a durable power of attorney or advance health care directive, someone would have to go to court and ask to be appointed your conservator, an expensive and time-consuming process, in order to manage your affairs during your incapacity. 8.Who should have a revocable trust? Individuals and/or couples who should seriously consider a revocable living trust include those with: • Minor Children; • Assets over $100,000.00 (personal property); and • Real estate (whether or not there is a mortgage on the property) 9.What documents should be included in a revocable trust package? -Declaration of Trust -Certification of Trust -Pourover Will -Durable Power of Attorney -Advance Health Care Directive -General Assignment and Transfer -A new deed transferring your real estate into your trust. 10.What are typical costs for
