![]() ![]() One of the most important aspects to take into consideration when preparing one’s estate is the manner in which assets will be transferred following the individual’s death. Benefits From Governmental Programs or Civil or Military Service.Estates, Trusts, and Other Beneficial Interests.To provide legal verification that the document is valid, the principal should sign and acknowledge the signature in the presence of a notarial officer. Signing Requirements – Must be signed and dated by the principal in the presence of two (2) witnesses.Whoever is chosen to serve as the financial representative should be responsible, trustworthy, and fully capable of managing the principal’s finances.ĭurable (Financial) Power of Attorney – A legal document used by the principal to appoint their financial representative. The financial representative will be responsible for handling the principal’s real estate, banking, business operations, stocks, and other facets of the individual’s affairs. financial agent) to ensure that their finances are cared for in the event of a medical emergency resulting in incapacitation. The principal will need to appoint a financial representative (a.k.a. Before any documents are officially signed, the owner of the estate (the principal) should contact their attorney to be certain that the forms are adequately suited to serve their needs. ![]() This guide is designed to direct Connecticut residents through the steps of creating an estate plan. Decide How the Estate Shall be Transferred.How to Create an Estate Plan in Connecticut (6 steps) When determining how assets shall be transferred to beneficiaries, individuals will complete a Will and/or a Living Trust. ![]() To prepare for such scenarios, individuals will need to complete an Appointment of Health Care Representative and a Durable (Financial) Power of Attorney. The checklist informs residents on how they can define the health care and financial actions they wish to be administered in medical emergencies. A Connecticut estate planning checklist is a task list full of valuable information for those seeking to secure their assets and prepare their estate for distribution after death. ![]()
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