Understanding The Difference Between Simple & Comprehensive Estate Plan
Summary 1. This presentation is about the estate plan. 2. Read about the components of a simple estate plan. 3. Know the features of comprehensive a estate plan.
Introduction 1. An Estate plan determines what happens to an individual’s assets after death. 2. There are two types of estate plans: simple and complex estate plans. 3. Each plan is suited for individuals and businesses. 4. The determination of the estate plan helps in avoiding ambiguity.
Details of The Simple Estate Plan 1. A simple estate plan includes basic details about the individual’s properties. 2. Some of the details included in the estate plan are:
Will Declaration of Guardianship Medical directive Medical power of attorney
Features of Comprehensive Estate Plan 1. A comprehensive estate plan comes with different features. 2. Following are some of the comprehensive estate plan:
Limited partnership Trust Cooperation Testamentary trust
How to Draft a Simple/Comprehensive Estate Plan? 1. Get in touch with a reputable probate attorney in Houston, Texas. 2. At Lone Star Lawyers, we provide: Estate planning services Business dispute resolution services Contract drafting services 3. To know more, visit https://www.lonestarlawyers.com/.