Where To Keep Your Estate Planning Documents When They Are Completed

Revoking Durable Power Of Attorney - Where To Keep Your Estate Planning Documents When They Are Completed

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As prominent as it is to make your estate planning documents such as a will or living trust and pour over will, durable powers of attorney, and healthcare powers of attorney is where to keep those documents. Looking a safe secure place to keep your estate planning documents is very prominent for the fact that those documents are no good if they are destroyed, lost, or missing.

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Revoking Durable Power Of Attorney

Some states including South Carolina have laws that retain that a missing or lost will is presumed to be destroyed or revoked or no longer any good, unless there is evidence presented otherwise. This is difficult to overcome so it is very prominent to keep your documents in place they cannot be lost or destroyed. This safe place could be a safety deposit box in a bank or in a fire proof safe in your house. A safe should only comprise prominent documents and no valuables so a inherent thief will not be tempted to take it. It is best to let the man you superior as a personal representative in the will and the backup personal representative know where the will is located so they can retrieve it at the allowable time. It is not a good idea to let anyone else know who you do not completely trust because they may endeavor to destroy or alter it if it is in their interest. There should be one primary will and copies should be kept separate.

Keeping your estate planning documents is approximately as prominent as production them in the first place. If you go to the endeavor of production an estate plan it is prominent to make sure that the plan is carried out and the best way to do this is through production sure that your documents can be found. This means that you should forewarn the man you intend to carry out your estate as an executor or personal representative can honestly find the documents when they are needed. You should tell only a trusted man where they are located so the wrong man does not find them, but also that the right man will be able to find them when the time is right. A underground will or living trust that is not found is the same as have no documents at all. A good hiding place is good but too good of a hiding place will prevent the documents from being found at all.

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