Must-Haves for Your Estate Plan

Updated: May 5, 2020

Every person, family and estate is different. But this is a starting point to the items that are critical an estate plan.

Last Will and Testament

A last will and testament is one of the most important parts to any estate plan. It should clarify the details of what you want to happen with what your own and other matters at the time of your death.

Advance Medical Directive or Power of Attorney

It allows you to designate a health care agent to make medical decisions for you if you are unable to make them for yourself. It can also be used to designate someone to serve as your guardian or conservator in the event a court determines that you have become mentally incapacitated.

Living Will

A living will is a document that lets people state their wishes for end-of-life medical care, in case they become unable to communicate their decisions. It has no power after death.

Durable Financial Power of Attorney

A durable financial power of attorney is a way to allow someone else to manage your finances in the event that you become incapacitated and are unable to make those decisions yourself. It grants someone legal authority to act on your behalf for financial issues.

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