Delaware Life Documents Planning Package, including Will, Power of Attorney and Living Will

Category:
State:
Delaware
Control #:
DE-P001-PKG
Format:
Word; 
Rich Text
Instant download

Description

The Legal Life Documents Personal Planning Package contains essential life documents, information on how to organize life documents and other products. The documents in this package are State Specific.


This package contains the following forms:



1. Last Will

2. General Durable Power of Attorney for Property and Finances Effective Immediately

3. Statutory Advance Health Care Directive

4. Estate Planning Questionnaire and Worksheets

5. Personal Planning Information and Document Inventory Worksheets

Bonus financial forms!


1. Last Will - Complete this form to detail in writing your wishes regarding who is to receive your property at death and who will administer your estate. It also enables you to appoint trustees or guardians, if applicable.


2. General Durable Power of Attorney for Property and Finances Effective Immediately - This General Durable Power of Attorney is a general, durable power of attorney which is effective IMMEDIATELY. The powers granted to an Agent in this Power of Attorney are very broad. This Power of Attorney does NOT provide for health care services. This form complies with all applicable state statutory laws.


3. Statutory Advance Health Care Directive - Health Care, Standby Guardian and Living Will Provisions - This is a statutory form that is provided for in the Delaware Statutes. This form allows you to express your wishes and desires regarding whether or not your life is prolonged by artificial means and to make any health care decisions for you.


4. Estate Planning Questionnaire and Worksheets - This Estate Planning Questionnaire and Worksheet is for completing information relevant to an estate. It contains questions for personal and financial information. You may use this form for client interviews. It is also ideal for a person to complete to view their overall financial situation for estate planning purposes.


5. Personal Planning Information and Document Inventory Worksheets - This form enables you to document matters relevant to your life and personal planning such as the location of your important legal documents, relatives names, contact information, medical information, financial asset inventory and more.

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How to fill out Delaware Life Documents Planning Package, Including Will, Power Of Attorney And Living Will?

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Personal Planning Package

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FAQ

To fill out a living will, begin by stating your full name and your healthcare preferences regarding treatment options. Clearly define the situations under which your directive applies, ensuring you cover the types of treatment you wish to receive or refuse. Resources included in your Delaware Life Documents Planning Package, including Will, Power of Attorney, and Living Will, make this process straightforward.

In Delaware, you do not need to notarize a power of attorney document for it to be valid. However, having it notarized can add an extra layer of authenticity, which some institutions may require. As part of your Delaware Life Documents Planning Package, including Will, Power of Attorney, and Living Will, ensure your choices align with state requirements.

An example of wording for a living will could start with a declaration expressing your healthcare choices if you cannot communicate. For instance, it could state your preferences about life-sustaining treatments. Integrating this kind of language in your Delaware Life Documents Planning Package, including Will, Power of Attorney, and Living Will, ensures that your healthcare wishes are clearly articulated.

To fill out a power of attorney form, start by clearly identifying yourself as the principal and the individual you are appointing as your agent. Include specific powers you wish to grant, such as financial or healthcare decisions. Using a reliable source like the Delaware Life Documents Planning Package will provide you with the correct template and guidance to complete this important document.

Generally, a living will does not need to be filed with the court to be effective. The document should be kept in a safe place, and it's essential to share its location with your family and healthcare providers. As part of your comprehensive Delaware Life Documents Planning Package, including Will, Power of Attorney, and Living Will, proper storage of your living will ensures your wishes are honored.

In Minnesota, notarization for a living will is not a requirement. Instead, the document must be witnessed by two individuals who are not related to you or named in the living will. As you consider your options in your Delaware Life Documents Planning Package, including Will, Power of Attorney, and Living Will, it's good to understand the basic requirements.

When you set up a power of attorney, it cannot make decisions about your healthcare if you have a living will in place. It also cannot give away your assets without your consent or change your will. Therefore, while a power of attorney is essential in the Delaware Life Documents Planning Package, including Will, Power of Attorney, and Living Will, it has its limitations.

Delaware Life has established a strong reputation in the annuity market, providing various products that cater to different financial needs. Their offerings, including structured plans like the Delaware Life Documents Planning Package, assist clients in planning their future effectively. When evaluating the quality of any annuity provider, consider their financial stability, customer service, and the features of the products offered.

No, Delaware Life and Sun Life are separate companies, each offering different financial products. Delaware Life focuses on delivering life insurance and annuity products, including options that may help in planning your estate, such as the Delaware Life Documents Planning Package, which includes a Will, Power of Attorney, and Living Will. Understanding the distinctions between these companies can assist you in making better financial decisions.

A living will does not supersede a power of attorney, as they each serve distinct purposes. While a living will provides guidance on your medical preferences, a power of attorney allows someone to make broader decisions for you. It's important to coordinate these documents effectively, and with the Delaware Life Documents Planning Package, including Will, Power of Attorney and Living Will, you can ensure that your intentions are clearly communicated and respected.

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Delaware Life Documents Planning Package, including Will, Power of Attorney and Living Will