“The most significant advantage of a trust is the ability to pass assets upon your death without involving the probate court process.  The ownership, or beneficial interest, will pass immediately upon your death by operation of law rather than by order of the probate court. 

Other advantages include tax savings, protecting assets from creditors, financially supporting others, or making charitable donations for years to come. 

Any well-designed estate plan should include a trust for these reasons and a whole lot more.”

Having a will provides you with the opportunity to make decisions for yourself and your loved ones when it comes time. A last-minute document can help keep things clean, but if nothing is done at all, then everything falls into chaos once again.

It's essential to have your will written and in place before the time of your death. It's also equally important to what your will contains, such as from the power of attorney rights for those left behind to the instructions for whoever will receive custody over any children or pets.

Appointing a power of attorney when one is sick or disabled can help ensure that all legal decisions are made in the best interest of their health. This makes medical care more manageable and more available while maintaining financial stability for them as well. 

Appointing a power of attorney is a legal procedure giving one person the authority to represent another. The agent can have limited or expansive control over their principal's affairs, depending on what they are given explicit permission to do in the POA agreement.

An advanced directive lays out important details for the people who will need to make critical decisions on behalf of someone else, such as healthcare providers or family members, if they cannot do so themselves. 

For example, it helps explain what kind of treatment an individual would want when faced with a life-threatening illness or injury by indicating their wishes ahead of time rather than through discussion during times like these. 

As the HIPAA Privacy Rule permits certain entities to use or disclose personal health information in some circumstances without a person's consent, it is critically important that all covered entities and business associates have written rules of behavior for signing an authorization form. 

Without this document, these companies could be found liable if they violate privacy laws by making unauthorized disclosures with someone else's health information.

Probate is the legal process of reviewing a will and determining whether it is authentic. The term also refers to general administration for a deceased person's estate without a will or executor named in their wills after they die.

Probating an asset-holder involves collecting assets and distributing them among beneficiaries as part of the probating process.

The job of the trustee is to oversee assets for a trust. This includes protecting them and using them per the instructions given by those who established this type of arrangement. 

The duties will vary depending on what was put into place when it was first created, but all trustees have one goal: protect their trust's holdings while also making sure that they're used as desired by its creators.