As a lawyer, I can advise you that a standard estate plan typically includes several documents that outline how a person's assets will be distributed upon their death and how their affairs will be managed in the event of incapacity. These documents include:
- Last Will and Testament: This document outlines how a person's assets will be distributed upon their death. It also appoints an executor to manage the estate and may name guardians for minor children.
- Revocable Living Trust: This document allows a person to control and manage their assets during their lifetime and after their death. The trust allows assets to pass to beneficiaries without the need for probate.
- Durable Power of Attorney: This document appoints an agent to make financial decisions on a person's behalf in the event of incapacity.
- Advance Healthcare Directive: This document allows a person to express their wishes regarding medical treatment if they become incapacitated and appoints someone to make healthcare decisions on their behalf.
- HIPAA Authorization: This document allows designated individuals access to a person's medical records.
It is important to note that the specific documents and their contents may vary depending on the jurisdiction and a person's individual circumstances. It is recommended that individuals consult with a licensed attorney to create an estate plan tailored to their specific needs and objectives.
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