NYPL SIBL hosted a Financial Day in conjunction with Financial Planning Week on October 6th. A discussion about Financial Planning would be incomplete without a conversation about legacy planning. Documents (such as a Will, Health Care Proxy or Living Will) identify, memorialize and protect your legacy are especially important during a recession. When cash flow is limited and disability or death strikes, a legacy plan assures that your loved ones can handle the expenses. The worst experience is when a family member is overwhelmed by the unexpected because there was not enough liquidity to pay for an illness or a burial."
Elucidates the governing laws (U.S., Canada, U.K), restrictions and extensions of the advance-directives (living wills) in obstetrics. DOI: 10.13140/RG.2.1.3671.4321
Fredrick P. Niemann is an elder law attorney with nearly 30 years of experience. He is a member of several elder law organizations. His law firm, Hanlon Niemann PC, provides legal services related to elder law, estate planning, asset protection, and veterans benefits. The document discusses powers of attorney, including what they are, how they work, their formal requirements, how to limit an agent's authority, who should be selected as an agent, and the risks and benefits of powers of attorney.
Florida Last Will and Testament: The Basics. Learn the ins and outs of Wills, including the important clauses, and the different types of Wills. Last Will and Testaments are an important part of Estate Planning. This presentation is brought to you by Gadiel A. Espinoza, LAW, a Miami Estate Planning Attorney.
Boston Medicare and Medicaid Attorneys Cohen & Oalican discuss the impact of the Uniform Probate code as it impacts Advanced Directives.
http://www.cohenoalican.com
This document discusses estate planning for unmarried partners. It recommends that partners execute basic estate planning documents like powers of attorney, advanced medical directives, and wills. A power of attorney allows a partner to handle the other's affairs if they become incapacitated. An advanced medical directive addresses healthcare decisions and appointments. A will ensures a partner can inherit property and be named the personal representative after passing. Without such documents, partners have no legal rights to make decisions or inherit from one another.
This document discusses the importance of advance directives in Oregon. It explains that an advance directive allows one to appoint a healthcare representative to make medical decisions if one becomes incapacitated, and to specify acceptance or refusal of life-sustaining treatment. The document outlines the legal requirements for a valid advance directive in Oregon, including using witnesses that meet certain criteria. It stresses getting an experienced estate planning attorney to properly draft an advance directive, to ensure one's wishes will be honored.
A comprehensive guide to the laws governing surrogacy arrangements in North Transatlantic (the UK, the USA, and Canada). DOI: 10.13140/RG.2.1.4485.2888
Elucidates the governing laws (U.S., Canada, U.K), restrictions and extensions of the advance-directives (living wills) in obstetrics. DOI: 10.13140/RG.2.1.3671.4321
Fredrick P. Niemann is an elder law attorney with nearly 30 years of experience. He is a member of several elder law organizations. His law firm, Hanlon Niemann PC, provides legal services related to elder law, estate planning, asset protection, and veterans benefits. The document discusses powers of attorney, including what they are, how they work, their formal requirements, how to limit an agent's authority, who should be selected as an agent, and the risks and benefits of powers of attorney.
Florida Last Will and Testament: The Basics. Learn the ins and outs of Wills, including the important clauses, and the different types of Wills. Last Will and Testaments are an important part of Estate Planning. This presentation is brought to you by Gadiel A. Espinoza, LAW, a Miami Estate Planning Attorney.
Boston Medicare and Medicaid Attorneys Cohen & Oalican discuss the impact of the Uniform Probate code as it impacts Advanced Directives.
http://www.cohenoalican.com
This document discusses estate planning for unmarried partners. It recommends that partners execute basic estate planning documents like powers of attorney, advanced medical directives, and wills. A power of attorney allows a partner to handle the other's affairs if they become incapacitated. An advanced medical directive addresses healthcare decisions and appointments. A will ensures a partner can inherit property and be named the personal representative after passing. Without such documents, partners have no legal rights to make decisions or inherit from one another.
This document discusses the importance of advance directives in Oregon. It explains that an advance directive allows one to appoint a healthcare representative to make medical decisions if one becomes incapacitated, and to specify acceptance or refusal of life-sustaining treatment. The document outlines the legal requirements for a valid advance directive in Oregon, including using witnesses that meet certain criteria. It stresses getting an experienced estate planning attorney to properly draft an advance directive, to ensure one's wishes will be honored.
A comprehensive guide to the laws governing surrogacy arrangements in North Transatlantic (the UK, the USA, and Canada). DOI: 10.13140/RG.2.1.4485.2888
This document provides information about estate planning documents and strategies. It discusses durable powers of attorney, health care proxies, living wills, probate vs. non-probate assets, trusts, guardianships, and intestacy. The key points are that everyone needs an estate plan to determine who receives assets and makes medical decisions; proper planning can avoid costs and ensure wishes are followed. It also warns that do-it-yourself plans can have unintended consequences, so consulting experts is recommended.
With approximately half of Canadians having no will, it never hurts to focus on the basic documents everyone needs to put in place. Once you have a basic plan to protect yourself and your family in the event of incapacity or death, you have a foundation upon which to build more sophisticated planning, if required.
This document provides an overview of basic estate planning documents and concepts. It discusses wills, trusts, powers of attorney, living wills, probate, guardianships, and their purposes. Key points covered include how a will passes property according to instructions but requires probate, while a living trust avoids probate; and how powers of attorney can designate someone to handle financial and medical matters if one becomes incapacitated. The document also summarizes estate tax implications. Overall it serves to explain common estate planning tools and why having an up-to-date plan is important.
Powers of Attorney have been serving the public for centuries; it is a powerful legal document which allows an
individual (Donor) to appoint a person of their own choice (an Attorney), to look after their
affairs should they at a later stage no longer wish to make these decisions or lack the capacity to
manage their affairs themselves.
This document provides instructions for completing an Arizona Health Care Directive. It begins with appointing an agent to make health care decisions if the individual becomes unable to do so. It then allows the individual to provide guidance on their end-of-life wishes through a living will. The document also covers options for organ donation and autopsy. Instructions are provided throughout to guide the individual in making their wishes clear and executing the document properly.
The document discusses estate planning techniques and strategies to minimize taxes and smoothly transfer assets. It covers the basics of estate planning like wills, powers of attorney, health care directives, and probate. It also discusses estate and gift taxes, business succession planning, asset protection, and common estate planning mistakes to avoid like not having a will or relying solely on joint tenancy. The presentation aims to provide an overview of estate planning fundamentals and advanced techniques.
Wills & Trusts - Rockford Public Schools 2010guest936e15e
Powerpoint presentation from April 21, 2010 adult enrichment class offered by Rockford Public Schools Community Education at the Rockford Freshman Center.
This document discusses the importance of estate planning and outlines the three most common estate planning documents: a will, general durable power of attorney, and advance medical directive. A will allows you to determine who receives your property after death. A general durable power of attorney selects who can make decisions for you if you become incapacitated. An advance medical directive provides instructions for medical treatment if death is imminent. Estate planning ensures your wishes are followed and avoids legal disputes after death.
The document describes the benefits of a living trust over a will. It explains that a living trust avoids probate, which can be an expensive and lengthy legal process after death. A living trust also maintains privacy and allows assets to pass directly to beneficiaries without delay. The document provides an overview of the contents and benefits of the Heritage Living Trust documents, which establish a revocable living trust and provide instructions for estate settlement.
This document provides an overview of wills, trusts, and advanced directives. It defines key terms like gross estate, probate estate, and non-probate estate. It explains how assets outside of the will like life insurance and retirement accounts pass on. It also covers health care proxies, living wills, powers of attorney, and different types of trusts. The document emphasizes the importance of estate planning and working with an attorney to draft appropriate legal documents.
This document discusses 5 important documents to prepare before your cremation service: 1) a healthcare power of attorney to appoint someone to make medical decisions if you become unable, 2) a HIPAA release to give family access to medical records, 3) an ICE (in case of emergency) book with important documents, 4) a will to state who receives assets and a living will to specify end-of-life wishes, and 5) contact information for Deer Creek Funeral Service. Preparing these documents helps families handle arrangements and access important information after passing away or becoming incapacitated.
A living will is a set of written instructions that informs your healthcare providers and family of the type and extent of medical care you want to receive if you become incapacitated. The first living will was created in 1969 to avoid a slow, painful death. State laws dictate the requirements for a valid living will, such as being signed by the patient in front of two witnesses, one of whom cannot be related to the patient. The author recommends creating a living will to ensure your medical wishes are followed and to relieve loved ones of deciding on care without guidance. While an attorney is not needed, Florida has an approved online form available.
Estate Planning For Homosexual & Lesbian Couple SElba44Fontaine
This document discusses the importance of estate planning for homosexual and lesbian couples. It notes that without a will or other legal arrangements, a partner would not be able to inherit assets or make decisions about a deceased partner's estate. It provides details about what can happen without a will, such as property going to biological family instead of a partner. It also discusses other important legal documents like powers of attorney to allow a partner to manage assets if one becomes disabled.
This document discusses the importance of estate planning and provides information about wills, advance medical directives, social media wills, and related topics. It notes that estate planning benefits people of all economic levels by legally protecting and distributing property according to one's wishes. Advance medical directives allow people to specify the medical treatment they want if unable to make decisions. The document outlines how to write a will, choose an executor, and create a social media will to handle online accounts after death. It stresses reviewing one's estate plan when life changes occur.
The document discusses the differences between three types of advance healthcare directives: a durable power of attorney for healthcare, a living will declaration, and a do not resuscitate directive/order. A durable power of attorney appoints an agent to make healthcare decisions if the person becomes incapacitated. A living will allows a terminally ill patient to decline life-sustaining treatment. A do not resuscitate directive instructs medical professionals not to perform CPR if the person's heart or breathing stops. Each type of directive serves a distinct purpose and has different legal requirements regarding completion and implementation.
This document discusses medical identity theft, which occurs when someone steals a person's identity to obtain medical services without their consent. It can result in incorrect medical records being created for the victim and bills for services they did not receive. The document provides tips on how to prevent medical identity theft such as safeguarding personal information and mail. It also describes steps to take if a person believes they are a victim, including placing fraud alerts on credit reports and disputing any incorrect information in medical files. Resources for further assistance are provided.
Fredrick P. Niemann, Esq. is an elder law attorney with nearly 30 years of experience. He discusses the importance of advance healthcare planning through living wills and healthcare directives. These documents allow individuals to specify their healthcare wishes and appoint an agent to make decisions if they become incapacitated. Without such documents, families may end up in costly and stressful legal battles over medical care. Niemann emphasizes communicating one's values and appointing an agent to ensure wishes are followed.
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Similar to NYPL SIBL Presentation: Provide & Protect - Understanding How Life Planning Documents Impact Your Life
This document provides information about estate planning documents and strategies. It discusses durable powers of attorney, health care proxies, living wills, probate vs. non-probate assets, trusts, guardianships, and intestacy. The key points are that everyone needs an estate plan to determine who receives assets and makes medical decisions; proper planning can avoid costs and ensure wishes are followed. It also warns that do-it-yourself plans can have unintended consequences, so consulting experts is recommended.
With approximately half of Canadians having no will, it never hurts to focus on the basic documents everyone needs to put in place. Once you have a basic plan to protect yourself and your family in the event of incapacity or death, you have a foundation upon which to build more sophisticated planning, if required.
This document provides an overview of basic estate planning documents and concepts. It discusses wills, trusts, powers of attorney, living wills, probate, guardianships, and their purposes. Key points covered include how a will passes property according to instructions but requires probate, while a living trust avoids probate; and how powers of attorney can designate someone to handle financial and medical matters if one becomes incapacitated. The document also summarizes estate tax implications. Overall it serves to explain common estate planning tools and why having an up-to-date plan is important.
Powers of Attorney have been serving the public for centuries; it is a powerful legal document which allows an
individual (Donor) to appoint a person of their own choice (an Attorney), to look after their
affairs should they at a later stage no longer wish to make these decisions or lack the capacity to
manage their affairs themselves.
This document provides instructions for completing an Arizona Health Care Directive. It begins with appointing an agent to make health care decisions if the individual becomes unable to do so. It then allows the individual to provide guidance on their end-of-life wishes through a living will. The document also covers options for organ donation and autopsy. Instructions are provided throughout to guide the individual in making their wishes clear and executing the document properly.
The document discusses estate planning techniques and strategies to minimize taxes and smoothly transfer assets. It covers the basics of estate planning like wills, powers of attorney, health care directives, and probate. It also discusses estate and gift taxes, business succession planning, asset protection, and common estate planning mistakes to avoid like not having a will or relying solely on joint tenancy. The presentation aims to provide an overview of estate planning fundamentals and advanced techniques.
Wills & Trusts - Rockford Public Schools 2010guest936e15e
Powerpoint presentation from April 21, 2010 adult enrichment class offered by Rockford Public Schools Community Education at the Rockford Freshman Center.
This document discusses the importance of estate planning and outlines the three most common estate planning documents: a will, general durable power of attorney, and advance medical directive. A will allows you to determine who receives your property after death. A general durable power of attorney selects who can make decisions for you if you become incapacitated. An advance medical directive provides instructions for medical treatment if death is imminent. Estate planning ensures your wishes are followed and avoids legal disputes after death.
The document describes the benefits of a living trust over a will. It explains that a living trust avoids probate, which can be an expensive and lengthy legal process after death. A living trust also maintains privacy and allows assets to pass directly to beneficiaries without delay. The document provides an overview of the contents and benefits of the Heritage Living Trust documents, which establish a revocable living trust and provide instructions for estate settlement.
This document provides an overview of wills, trusts, and advanced directives. It defines key terms like gross estate, probate estate, and non-probate estate. It explains how assets outside of the will like life insurance and retirement accounts pass on. It also covers health care proxies, living wills, powers of attorney, and different types of trusts. The document emphasizes the importance of estate planning and working with an attorney to draft appropriate legal documents.
This document discusses 5 important documents to prepare before your cremation service: 1) a healthcare power of attorney to appoint someone to make medical decisions if you become unable, 2) a HIPAA release to give family access to medical records, 3) an ICE (in case of emergency) book with important documents, 4) a will to state who receives assets and a living will to specify end-of-life wishes, and 5) contact information for Deer Creek Funeral Service. Preparing these documents helps families handle arrangements and access important information after passing away or becoming incapacitated.
A living will is a set of written instructions that informs your healthcare providers and family of the type and extent of medical care you want to receive if you become incapacitated. The first living will was created in 1969 to avoid a slow, painful death. State laws dictate the requirements for a valid living will, such as being signed by the patient in front of two witnesses, one of whom cannot be related to the patient. The author recommends creating a living will to ensure your medical wishes are followed and to relieve loved ones of deciding on care without guidance. While an attorney is not needed, Florida has an approved online form available.
Estate Planning For Homosexual & Lesbian Couple SElba44Fontaine
This document discusses the importance of estate planning for homosexual and lesbian couples. It notes that without a will or other legal arrangements, a partner would not be able to inherit assets or make decisions about a deceased partner's estate. It provides details about what can happen without a will, such as property going to biological family instead of a partner. It also discusses other important legal documents like powers of attorney to allow a partner to manage assets if one becomes disabled.
This document discusses the importance of estate planning and provides information about wills, advance medical directives, social media wills, and related topics. It notes that estate planning benefits people of all economic levels by legally protecting and distributing property according to one's wishes. Advance medical directives allow people to specify the medical treatment they want if unable to make decisions. The document outlines how to write a will, choose an executor, and create a social media will to handle online accounts after death. It stresses reviewing one's estate plan when life changes occur.
The document discusses the differences between three types of advance healthcare directives: a durable power of attorney for healthcare, a living will declaration, and a do not resuscitate directive/order. A durable power of attorney appoints an agent to make healthcare decisions if the person becomes incapacitated. A living will allows a terminally ill patient to decline life-sustaining treatment. A do not resuscitate directive instructs medical professionals not to perform CPR if the person's heart or breathing stops. Each type of directive serves a distinct purpose and has different legal requirements regarding completion and implementation.
This document discusses medical identity theft, which occurs when someone steals a person's identity to obtain medical services without their consent. It can result in incorrect medical records being created for the victim and bills for services they did not receive. The document provides tips on how to prevent medical identity theft such as safeguarding personal information and mail. It also describes steps to take if a person believes they are a victim, including placing fraud alerts on credit reports and disputing any incorrect information in medical files. Resources for further assistance are provided.
Fredrick P. Niemann, Esq. is an elder law attorney with nearly 30 years of experience. He discusses the importance of advance healthcare planning through living wills and healthcare directives. These documents allow individuals to specify their healthcare wishes and appoint an agent to make decisions if they become incapacitated. Without such documents, families may end up in costly and stressful legal battles over medical care. Niemann emphasizes communicating one's values and appointing an agent to ensure wishes are followed.
Similar to NYPL SIBL Presentation: Provide & Protect - Understanding How Life Planning Documents Impact Your Life (20)
NYPL SIBL Presentation: Provide & Protect - Understanding How Life Planning Documents Impact Your Life
1. PROTECT & PROVIDE Understanding How Life Planning Documents Impact Your Life PLEASE BE ADVISED THAT THE CONTENTS OF THIS PRESENTATION DOES NOT CONSTITUTE LEGAL ADVIC E. THIS IS AN EDUCATIONAL PRESENTATION. FOR ADDITIONAL INFORMATION, PLEASE CONTACT AN ATTORNEY FOR LEGAL ADVICE.
2. Life Planning Documents Advanced Directives: Health Care Proxy Living Will Power of Attorney Last Will & Testament Others: Life Insurance, Employee Benefits etc. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
3. Health Care Proxy (NYS) Definition: a legal written document that appoints an agent to make health care decisions for you when or if you are unable to make such decisions for yourself Additional requirements: you must be competent, you must sign and date it in the presence of two adults; your agent can not act as a witness; neither an operator, administrator or employee of a hospital can be an agent; a physician can only be an agent if s/he is not the attending physician. A Health Care Proxy is not:LW&T; POA: Does not instruct your doctor about treatments you will accept or decline. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
4. Health Care Proxy (NYS) What are some of the items included in your Health Care Proxy? The name and address of your agent The name and address of an alternate agent (optional) Specific wishes, instructions or limitations Date or circumstances of revocation Appointment of your agent as your HIPAA Personal Representative (they can have access to your medical records) Organ and/or Tissue Donation It is effective when it is signed, witnessed and given to your primary care physician. It terminates when you: (1) replace it, (2) alert your physician, (3) set a revocation date or circumstances or (4) death. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
5. Living Will (NYS) Definition: a legal written document that directs your physician and medical institution about which treatments you desire or decline, if you are permanently unable to make medical decisions for yourself. Additional Requirements: you must be competent; you must sign and date it in the presence of two adults. A Living Will is not:LW&T; POA: Does not designate the person who you want to make decisions for you. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
6. Living Will (NYS) What are some of the items included in your Living Will? Whether to accept or decline cardiac resuscitation; Whether to accept or decline mechanical respiration; Whether to accept or decline artificial nutrition or hydration (feeding tubes) Whether to accept or decline antibiotics Whether to accept or decline maximum pain relief, even if it hastens your death Any other instructions, i.e. no hospitalization, no dialysis It is effective when you it is signed, witnessed and given to your primary care physician. It terminates when you: (1) prepare a written revocation, (2) clearly alert your physician of your intentions, (3) replace it or (4) death. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
7. Power of Attorney (NYS) Definition: a legal written document authorizing someone known as an agent to make financial decisions on your behalf. Under the Power, you, the principal, allow your agent to act on your behalf until you revoke the current Power in writing. Additional requirements (as per 9/2009): executing one POA does not automatically revoke any previous ones; if you want your agent to make any gifts for you greater than $500, the Supplemental Gifts Rider must be signed, notarized and witnessed; The POA is not effective until the principal’s signature is notarized and the agent’s signature is notarized. A Power of Attorney is not:A Health Care Proxy, A Living Will or Last Will & Testament Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
8. Power of Attorney (NYS) What are some of the items included in your Power of Attorney? You can designate >1 person as agent You can designate a successor agent Grant of the authority to handle transactions related to real estate, goods, commodities, banking, business operations, insurance, estate, claims/litigation, personal/family maintenance, government benefits, health care billing, retirement benefits, tax matters, all other matters and my agent can delegate any of the above to someone else. Your agent can make gifts >$500 (if a SGR is signed, notarized and witnessed) You can designate a monitor to oversee your agent by requesting records of all transactions You can reimburse your agent for expenses and compensate them for services rendered. An explanation of the legal responsibility of the Agent including: (1) act in best interest of principal, (2) avoid conflicts, (3) keep the principal’s property separate from your own, (4) keep records of all transactions conducted on behalf of principal and (5) disclose your identity as agent when acting the agent (Kenya White, by James Emmanuel, as Agent) Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
9. Last Will & Testament (NYS) Definition: a written legal declaration by a person, which instructs others how to dispose of or distribute material and non-material assets and possessions. Additional requirements: you must be 18 or older, of sound mind and memory, able to dispossess of your real or personal property, it must be signed at the end by you or your agent before two witnesses; none of the witnesses can stand to benefit from the execution of the Will. These are not Last Wills & Testaments: Life Insurance policy, Health care proxy, living will, trust, letter regarding your wishes, oral conversations with a family member or confidante Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
10. Last Will & Testament (NYS) What are some of the items included in your Will? Revocation of all previous wills Wishes regarding burials Specific bequests of personal or real property General bequests of cash sums Residuary bequests Appointment/Powers of Guardians & Successors Appointment/Powers of Executors & Successors Appointment/Powers of Trustees & Successors Creation of Testamentary Trusts Charitable bequests Other final messages It must be executed during your lifetime but it is effective only upon your death. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
11. A Case for HCP /LW: Anthony Anthony 92 years old Lives in a nursing home in Upper Manhattan Dr. Patel has treated him for over 4 years for dementia,hyperthyroidism and terminal cancer. With out medical intervention, he will certainly loss his fight in 6 months or less. Recent events: Because of his dementia, his judgment is impaired. He has refused minor procedures such as blood samples. He has stopped eating and has not been communicative. A decision has to be made as to whether to insert a feeding tube. Anthony has no Health Care Proxy. Anthony has no Living Will. Without a Living Will or Health Care Proxy, Anthony’s life is left in the hands of 3 strangers: Dr. Patel, the court-appointed guardian and the medical director of the nursing home. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
12. A Case for POA: Fernando Mr. & Mrs. Santos had been married over 60 years. They had one son Fernando is 84 years old When Fernando suffered a stroke, Mrs. Santoshandled the finances Need Agent to pay rent, light, gas, telephone and avoid eviction. Recent events: Fernando lost the love of his life He could not cash his pension checks His landlord started an eviction proceeding against him. Fernando had no Agent to make handle his personal financial matters. Without a Power of Attorney, Fernando would have not been able to simply cash pension checks he had spent more than 50 years earning. Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886
13. A Case for LW&T: Philmour Philmour 39 years old Lives in a residence in Brooklyn Father of 3 minor children Owned a pharmacy Owned a co-op apartment and a building Recent events: His family suffered his loss in 2009. The mother of two of his children petitioned to handle his estate. The mother of his other minor child objected to the petition. Who would collect, marshal and entrust the assets for his minor children? Philmour had no Last Will & Testament. In this case, the court appointed the Public Administrator, a stranger to Philmour, appointed by the court. When there is no Last Will & Testament, the laws of intestate succession define who the heirs are, and since Philmour had no spouse, his minor children were entitled to the entire estate. Will the PA invest and grow those assest for the children? Kenya White & Associates, 65 Broadway, Suite 847, New York, New York 10006 (212) 430-6886