WISCONSINILLINOISMINNESOTA

The Virtual Attorney Blog

Feb
01
2012

A will is a legal declaration that does a number of things. A will provides for who should receive property upon an individual’s death. An individual can state in a will who should receive specific items of property and who should receive the remaining property. A will is also used to appoint a guardian for minor children who is legally responsible for the children when the person signing the will dies. An individual also names a personal representative through a will who is the individual that manages the estate, begins the probate process, gathers assets and disposes of them according to...

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Feb
01
2012

HIPAA stands for the Health Insurance Portability and Accountability Act which is a federal law that, among other things, requires healthcare providers to take steps to ensure the confidentiality and security of protected health information (PHI) when it is transferred, received, handled, or shared. This means that hospitals and other healthcare providers are required under HIPAA to limit who has access to your confidential healthcare information including limiting access to loved ones. A HIPAA Authorization form enables certain trusted family and friends to have access to your medical...

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Feb
01
2012

A living will provides direction to healthcare providers and caregivers related to the types of treatment an individual desires, usually related to life-sustaining or life-prolonging treatment. A living will can forbid the use of medical treatments or to express wishes about foregoing food and water. A living will can also direct healthcare providers and caregivers whether the individual with the living will wishes to be sustained or have his life prolonged by the use of feeding tubs or other medical devices. A living will only becomes operative when the individual becomes incapacitated...

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Feb
01
2012

A living trust is established during life by transferring legal ownership of assets to the trust (real property, stocks, bonds, etc.) Typically the creator of the living trust (grantor) serves as the trustee of the living trust and manages the property for his own benefit but, for legal purposes, the living trust is the actual owner of the assets. However, the grantor continues to manage the property just as he had done if he legally still owned it- live in a house, pay the mortgage, enjoy the income from any property the living trust holds, sell items at will, pay income taxes, and so on...

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