Estate planning involves creating various legal documents to ensure that your wishes are honored and your assets are protected. At Elias Legal Group, we assist clients in Greensburg, PA, Westmoreland County, and surrounding areas in establishing the following essential documents:

*5. Last Will and Testament (Will):

• Summary: A Last Will and Testament is a legal document that specifies how your assets should be distributed after your passing. It may also include instructions for naming guardians for minor children.
• Importance: A Will ensures that your assets are distributed according to your wishes and prevents intestacy, where the state decides how your assets are divided.

*6. Durable Power of Attorney (POA):

• Summary: A Durable Power of Attorney allows you to designate someone (an agent) to make financial and legal decisions on your behalf if you become incapacitated.
• Importance: It ensures that your financial matters are managed by a trusted individual if you’re unable to do so.

*7. Health Care Proxy:

• Summary: A Health Care Proxy is a document that designates a trusted person to make medical decisions for you if you’re unable to communicate your wishes.
• Importance: It ensures that your medical care aligns with your preferences and values, even if you can’t express them.

*8. Trust:

• Summary: A Trust is a legal entity that holds and manages assets for the benefit of specific individuals or entities (beneficiaries).
• Importance: Trusts can help avoid probate, protect assets, and provide for the long-term financial security of beneficiaries.

*9. Beneficiary Designation:

• Summary: Beneficiary designations are instructions that determine who receives assets from specific accounts or policies, such as life insurance or retirement accounts.
• Importance: They allow assets to transfer directly to beneficiaries without going through probate, ensuring a quicker and more efficient distribution.