Best Estate Planning Attorneys in Coeur D'Alene, ID

An estate includes anything owned by an individual. An estate can include real estate, bank accounts, stocks/bonds, life insurance, personal belongings (car, jewelry, furniture), digital assets (social media accounts), legal rights (part or whole ownership of a company, author of a book, etc.) and any other property.

An Advance Health Care Directive does two primary things. First, an Advance Healthcare Directive allows you to outline your healthcare wishes including things like donation of organs, choices to prolong or not to prolong life if in a persistent vegetative state, options of conducting an autopsy, etc. Second, an Advance Health Care Directive lets you name another individual to act on your behalf to convey your wishes and make decisions if you become unable to make medical decisions for yourself.

A Power of Attorney (also known as a Durable Power of Attorney) appoints another individual to act on your behalf to handle your finances in the event you are unable to do so. The individual has a legal responsibility to use your assets for your benefit and does so based on guidelines that you outline.

Avoids probate court Estate specifics (ownership, net worth, etc.) remain private Assets are more quickly disbursed to beneficiaries Allows additional control over when/how assets can be used Can select guardianship and allocate funds for the care of pets Can be established to protect assets beneficiaries receive from being available to creditors Allows Trustee easy access to your assets to take care of you during periods of incapacity