PLANNING FOR
LIFETIME
 

Planning for Lifetime:

Power of Attorney - Allows for a designed individual to act on your behalf in the handling of your affairs. Nebraska recognizes a "durable" power of attorney, which is effective until death.

Inter Vivos Trust or Living Trust - The Grantor can transfer property into a trust, designate a trustee and direct through the trust document how the trust property may be used. The Grantor may also direct the disposition of any remaining property in the trust upon their death.

Common advantages for using such a trust are:

• Privacy
  Probate avoidance
  Incompetency planning

Guardianship or Conservatorship - Court appointment of a guardian or conservator authorizes an individual to act on the individual's behalf in the handling of personal needs or property management.

Use of Power of Attorney / Inter Vivos trust arrangement can usually avoid the need for a Guardianship or Conservatorship.

Living Will - A "living will" is a document that sets forth wishes in the event an individual is terminally ill.

Planning for Lifetime

Planning for Death

Living Trusts

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