Five parts of most estate plans

Elder Law of Chelsea & Chelsea Estate Planning is a law firm providing elder care law and estate planning services.

Five parts of most estate plans

4/8/2014

Most professional estate plans have five important parts. Each part does an important job in carrying out the wishes of the plan's owner.

1. Will
2. Durable power of attorney
3. Advanced directive for health care with patient advocate
4. Revocable living trust
5. Review creation of beneficiary designations for life insurance and retirement plans

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Author

William A. Lamb is an attorney in Chelsea, Michigan who practices in the areas of estate planning, probate law, elder law, and Medicaid qualification & long-term care planning. He also blogs about these subjects for the Chelsea Estate Planning blog. As a public service, Bill hosts workshops where attendees gain hands-on experience learning the critically important facts they must know as they - and their loved ones -grow older.