Estate Planning means more than simply preparing a last Will and Testament. In its broad sense, the term “estate planning” is more than providing for the disposition of your assets upon your death with a minimum amount of taxation.
Comprehensive estate planning, of course, provides for that. However, such planning must also provide for the administration and protection of assets during your lifetime and for decision-making in the event of a disabling illness.
For a complete estate plan, along with the last Will and Testament, a person needs a durable health care power of attorney, which names an agent responsible for medical decision making, and a durable financial power of attorney, which names an agent responsible for asset management, bill paying and other financial activities – and that’s where our Estate Planning attorneys in Portland can help. Call us today at (503) 245-0894 to get started.