Living Trust Based Estate Planning Package for Married Person

Living Trust for a Married Couple

This interactive legal document enables you to generate a Basic Shared Living Trust. Much like a will, a living trust lets you leave your property to the people you want to inherit it. Also like a will, you can revoke or change your living trust at any time, for any reason, before you die. The big difference is that assets left in trust don't have to go through probate court proceedings at your death. This is because when you create a living trust, you must transfer ownership of the designated property to yourself as "trustee" of the trust. During your lifetime, you still have control over all the property transferred to your living trust and can do what you want with it - sell it, spend it, or give it away. Then, after your death, the person you named to take over as trustee distributes the property to the family and friends you named.

2 X Living Will and Health Care Power of Attorney - New York

This interactive legal document enables you to generate a Document Directing Health Care (Living Will) and, optionally, a Health Care Proxy, for use by a resident of the state of New York.

The Living Will allows you to state your wishes about medical treatment in the event that you develop an irreversible condition that prevents you from making your own medical decisions.

The Health Care Proxy allows you to name someone to make decisions about your medical care, including decisions about life support, if you can no longer speak for yourself.

2 X Power of Attorney (Statutory Form) - New York

This interactive questionnaire creates the statutory short form Power of Attorney and optional statutory Gifts Rider Authorization for the State of New York.

A Power of Attorney documents that you (the Principal) have given someone or an institution (an agent) the authority to spend your money and sell or dispose of your property during your lifetime without telling you. The optional Gifts Rider allows you to authorize your agent to make gifts in excess of an annual total of $500, which is the limit specified in the Power of Attorney. The Gifts Rider and the Power of Attorney it supplements is considered one legal document.
The Power of Attorney and Gifts Rider, if applicable, can be revoked at any time.

2 X Will for a Married Person

A will enables a testator (the person making a will) to make sure that his/her family and loved ones are provided for and all possessions or property will be distributed in accordance with his/her wishes. This document is not designed for a complex and large estate that raises special tax considerations. This document should be used only for a basic estate which is below the threshold for the payment of inheritance tax and where discretionary trusts and settlements are not required. It has been specifically designed for use by a married person.