Fill and Sign the Talking to Your Parents About Estate Planning Savvy Parents Form

© 2016 - U.S. Legal Forms, Inc. ILLINOIS LEGAL LIFE DOCUMENTS FOR NEW PARENTS Control Number: IL-P006-PKG U.S. Legal Forms™ thanks you for your purchase of a Personal Planning Package. This package is an important tool to help you organize your legal affairs as you begin to think about entering a later stage of life. It contains key legal documents that are vital for you to maintain on file and safeguard in event of an emergency or unforeseen life event. TABLE OF CONTENTS I. Form List with descriptionsII. Descriptions of FormsIII. Legal Document Storage informationIV.Tips on Completing the FormsV. DisclaimerI. FORM LISTWith your Essential Life Documents for Baby Boomers package, you will find the state specific forms that will help you prepare for and protect yourself and your loved ones from events that may affect your health, your finances and your affairs after your death.Included in your package are the following forms:1.A Last Will and Testament that suits your specific needs 2. An Advance Health Care Directive – Living Will3. A Durable Power of Attorney for Health Care4. A General Power of Attorney for Property and Finances effective immediately5.A General Power of Attorney for Care and Custody of a Child or Children6. A Financial Statement form for a Husband and Wife7. A Parental Permission and Medical Consent form8.Personal Planning Information and Document Inventory Worksheets. II. DESCRIPTIONS OF FORMSBrief descriptions of the forms contained in your U.S. Legal Forms™ Personal Planning Package are found below.Last Will and Testament – 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. Advance Health Care Directive - The term “health care directive” refers to documents such as a Living Will and a Durable Healthcare Power of Attorney, which enable you to exercise your legal right to accept or refuse life-sustaining procedures as well as other medical treatments. Other names used in various states for these documents include Medical Directive, Directive to Physicians, Declaration Regarding Health Care, Designation of Health Care Surrogate or Patient Advocate Designation. Durable Power of Attorney for Health Care - You may appoint a health care agent and/or an attorney in fact for health care to make health care decisions for you if you are unable to make them for yourself. It also allows you to express your wishes and desires regarding the appointment of a conservator in the event you are incapacitated at some future date and to make an anatomical gift.General Power of Attorney – Complete this form to give a person you that choose (the agent) the power to manage your assets and financial affairs while you are alive. The document must be signed by you (the principal) while you have the required legal capacity to give your agent clear and concise instructions. The appointment may be for a fixed period and can be revoked by you at any time providing you still have the legal capacity to do so. A power of attorney ceases when you die. The executor named in your will then takes over the responsibilities of your estate. General Power of Attorney for Care and Custody of a Child or Children - This Power of Attorney provides for the appointment of an attorney-in-fact for the care of a child or children, including health care. This Power of Attorney form requires that the signature of the person giving another the power of attorney to be notarized. Financial Statement for a Husband and Wife – Complete this form to account for your current financial status. This form is a statement of assets and liabilities of two individuals using joint finances. The form contains sections that ask them to identify the following: current assets, current liabilities, deferred assets, and net worth. Parental Permission and Medical Consent Form - This form declares Parental Permission and Medical Consent on behalf of a child. The form requires information concerning the child's name, date of birth, and immunization dates. Personal Planning/Documents Inventory Form – Complete this form to retain important information on file relevant to your life such as names of relatives, their contact information, your medical information, financial asset inventory, the location of your important legal documents and more. III. LEGAL DOCUMENT STORAGEOnce you prepare legal documents and forms in your U.S. Legal Forms™ Essential Legal Life Documents Package, it is highly recommended that you keep forms together. An optional USLegal Life Documents Organizer – small or large size is available for purchase from www.uslegalforms.com to help store you legal documents. Legal documents should also be kept in a very secure place such as a bank safe deposit box or personal home safe. You may wish to tell your attorney or a family member about the location of your Legal Life Documents Package in the event you are unable to communicate it to them when needed.IV. TIPS ON COMPLETING THE FORMSThe form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand.It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner.V. DISCLAIMERThese materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the subject state. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney.THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.If you need additional information, please visit www.uslegalforms.com.