Estate Planning in Cleveland, Ohio

Wills and Trusts in Estate Planning

What is a Will?

A will is a set of instructions that you provide to the probate court to decide who's going to manage your estate and who's going to receive those items that are named. 

Financial Power of Attorney

This is when a financial power of attorney will come into play. This document allows the person you have appointed as a power of attorney to make those decisions if you should become ill and unable to carry out those tasks. 

Healthcare Power of Attorney

The other element is going to be a healthcare power of attorney and a living will. These two documents work together with one another, where you appoint someone to make medical decisions for you and especially end of life decisions.

HIPPA Authorization

HIPPA is a federal privacy statue, so you want to make sure that whoever you choose to make these decisions for your health can access your information do they can make those decisions appropriately. 

What is a Trust?

A trust is a contract that spells out who will manage your assets during your lifetime and after death. Overall, a trust includes everything that a will has, financial and healthcare power of attorneys, and HIPPA authorizations. 

Estate Planning with Richard A. Myers Jr. and Associates

With Richard A. Myers Jr. and Associates, we explain in depth both the will and the trust plans and let you make the decision based on your needs. 

Learn More About Estate Planning

If you are looking to start, finish, or revise your estate plan, contact us at Richard A. Myers Jr. and Associates to talk to our attorneys.