Page 27 - M A Connell Funeral Guide
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liabilities, insurance policies and if
Basics of NY Estate applicable, prenuptial agreements
Planning and judgments of divorce. With this
information in hand, your attorneys will
The death or incapacity of a loved one be able to give you informed advice
is a difficult situation that, unfortunately, regarding the best course of action.
all of us face eventually. The difference
in the level of difficulty faced is entirely
in your hands - how well did you plan The Basic Estate
for this contingency? With proper estate
documentation in place, you can ensure Documents
that your family and legacy are protected,
and that there is as little financial impact Healthcare Proxy
on your family as possible. A Healthcare Proxy is an important legal
instrument which sets forth the person
The basic estate plan has two essential or persons who you would like to make
aspects - the designation of individuals healthcare decisions on your behalf
to act on your behalf in the event of in the event of your incapacity. In the
your incapacity, and the proper and absence of such an instrument, your
clear disposition of assets in the event healthcare provider may not have the
of your death, with an eye towards the proper guidance as to who you would
minimization of tax and administrative trust to make these important decisions,
burdens on the loved ones you leave or information how to contact the person
behind. who you would designate. By preparing
a healthcare proxy, you will assist your
In consulting with your attorneys for your physicians and nurses in providing the
initial estate planning consultation, bring care that you would want to receive if
with you a list of your assets (including you were able to speak for yourself.
real estate, bank accounts, investment
accounts, annuities, retirement accounts),
M. A. Connell Funeral Home - Page 27
