Devices
Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gift, and powers of attorney, specifically the durable financial power of attorney and the durable medical power of attorney. After widespread litigation and media coverage surrounding the Terri Schiavo case, many estate planning attorneys now advise clients to also create a living will. Specific final arrangements, such as whether to be buried or cremated, are also often part of the documents. More sophisticated estate plans may even cover deferring or decreasing estate taxes or winding up a business.
Read more about this topic: Estate Planning
Famous quotes containing the word devices:
“So that with much ado I was corrupted, and made to learn the dirty devices of this world.
Which now I unlearn, and become, as it were, a little child again that I may enter into the Kingdom of God.”
—Thomas Traherne (1636–1674)
“Soon silence will have passed into legend. Man has turned his back on silence. Day after day he invents machines and devices that increase noise and distract humanity from the essence of life, contemplation, meditation.... Tooting, howling, screeching, booming, crashing, whistling, grinding, and trilling bolster his ego. His anxiety subsides. His inhuman void spreads monstrously like a gray vegetation.”
—Jean Arp (1887–1948)
“The gods being always close to men perceive those who afflict others with unjust devices and do not fear the wrath of heaven.”
—Hesiod (c. 8th century B.C.)