Last Will & Testament: Also called a Will. Is a document that describes how a person’s debts are to be paid and assets distributed at his or her death; it names a guardian for minor children, and names and executor or personal representative to oversee the settlement of the estate.
Living Trust: Also called a Revocable Trust, is a trust that is often used to avoid probate. This type of trust can be changed or revoked at any time (and from time to time) during the lifetime of the person (called the settlor or the grantor) who set it up.
Power of Attorney: Is a document which names and authorizes a person(s) to make financial decisions and/or transactions for another person (called the principal).
Living Will Declaration: Also called an Advance Directive, is a document that instructs your physicians and loved ones as to your intentions relative to life support (i.e., artificial nutrition, hydration and respiration), in the event that you are permanently unconscious or have a terminal condition.
Healthcare Surrogate Designation: Also called a Health Care Power of Attorney, is a document naming a person to make health care decisions for another person (called the principal) when the principal is no longer able to do so.
HIPAA Authorization: “HIPAA” is the Health Insurance Portability and Accountability Act of 1996, a federal law that protects a person’s private medical and mental health information. A HIPAA Authorization is a document that designates a person(s) who may receive another person’s private medical and mental health information.