Estate Planning | UBS United States of America'.

Inheritance planning involves not only planning for last wills, but also preparing for the eventual transfer of powers if you reach a point where you are unable to take care of your own affairs during your lifetime. Succession planning is a comprehensive process that can begin with basic documents: wills, unjust living trusts, powers of attorney and health care directives.

Wills

A will is a legal document in which you designate the executor of your inheritance, appoint a guardian for your minor children, and determine how you want your estate distributed.

Non-executory living trust'. '(RLT)

Non-executory living trust (RLT) - functions in the same way as a will. However, the probate court must administer a will, and a non-executory living trust can avoid the inheritance process, saving time and money. It can also provide privacy from public inheritance procedures.

You fund your non-directed living trust, retain access to assets, and change its terms and beneficiaries while you have the ability. The trust agreement is your roadmap and this officer must follow it.

Financial''Durable Power of Attorney (DPOA)

Financial Durable Power of Attorney (DPOA)-If you ever become unwell for any length of time, it is important that you have a valid person authorized to make financial decisions on your behalf. A financial durable power of attorney is a legal document in which you appoint your attorney-in-fact to act on property other than fiduciary assets.

Medical Directive

Medical Directive - With an advanced medical directive, you can pre-authorize your medical treatment before you need it. You can pre-authorize specific medical procedures or designate someone to make decisions on your''name if you become incapacitated. Advanced directives may include living wills, health care powers of attorney (such as a health care proxy), and orders not to revive life after clinical death (NDA).

Permission under the Health Insurance Portability and Accountability Act (HIPAA)

Health Insurance Portability and Accountability Act (HIPAA) authorization - this allows your doctor to discuss details of your medical condition with whomever you designate without violating HIPAA privacy rules. Note: your financial durable power of attorney and/or medical directives may already include HIPAA provisions inside''document.