In addition to a will or revocable living trust, what else is included in a standard estate plan.
Every estate plan will include a will, often with testamentary trust provisions. Depending on the circumstances and client goals, a plan may include revocable and/or irrevocable trusts as well. We will also plan for incapacity by creating a Durable Financial Power of Attorney, Healthcare Power of Attorney, and Living Will. These documents reduce the likelihood of the appointment of a guardian, should one become incapacitated. Agents appointed will be able to respond to changed circumstances to carry out the personal, financial, and healthcare plans as they were intended.