The Final Tithe: Using a Will

The will accomplishes many tasks for your estate, primarily handling those tangible assets that must be distributed. As we continue the podcast series discussing your “Final Tithe”, I want to discuss the importance of a will. The will accomplishes many tasks for your estate, primarily handling those tangible assets that must be distributed. Additionally, having a Durable Power of Attorney and Living Will in place can make handling your wishes much easier. I suggest you utilize a local attorney with expertise in estate planning in the construction of your legal documents. I am including explanations of topics I discuss in this Podcast. If you have questions regarding the subject of a will, please call my office at 888-226-7614. You can request a consultation at www.kingdomplanavisory.com.

A will is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children. If you die without a will, those wishes may not be carried out. Further, your heirs may be forced to spend additional time, money, and emotional energy to settle your affairs after you’re gone.

A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal’s property, finances or medical care. The power of attorney is frequently used in the event of a principal’s illness or disability, or when the principal can’t be present to sign necessary legal documents for financial transactions.

A living will – also known as an advance directive – is a legal document that specifies the type of medical care that an individual does or does not want in the event they are unable to communicate their wishes.

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